Lumentum Gains NVIDIA Backing And S&P 500 Spot As Valuation Lags

Lumentum Holdings (NasdaqGS:LITE) announced a multiyear agreement with NVIDIA to accelerate advanced optics technologies for next generation AI infrastructure. NVIDIA is making a significant investment in Lumentum as part of the collaboration focused on optical interconnects and manufacturing capacity. Lumentum is joining the S&P 500 index, increasing its visibility with institutional and index-tracking investors. Lumentum focuses on optical and photonic products that sit at the core of...