Lumentum rallies ahead of Nasdaq-100 debut after record year
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Lumentum's stock has surged over 1,200% in the past year, reaching a 52-week high of $1,085.68, driven by strong AI demand. The company is set to join the Nasdaq-100 index on May 18, replacing CoStar Group, which could attract significant passive investment. Analysts have raised price targets, with some exceeding $1,200, due to robust earnings growth and substantial optical component backlogs.
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