--- title: "U.S. stock market update: Viavi Solutions fell 12.64%, missing out on the top recommendation list" type: "News" locale: "en" url: "https://longbridge.com/en/news/291580452.md" description: "Viavi Solutions fell 12.64%; Lumentum Holdings fell 10.69%, with a transaction volume of USD 2.855 billion; Cisco fell 4.08%, with a transaction volume of USD 1.484 billion; Applied Optoelectronics fell 17.48%, with a transaction volume of USD 1.367 billion; Arista Networks fell 5.05%, with a market value of USD 199.3 billion" datetime: "2026-07-02T19:07:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291580452.md) - [en](https://longbridge.com/en/news/291580452.md) - [zh-HK](https://longbridge.com/zh-HK/news/291580452.md) --- # U.S. stock market update: Viavi Solutions fell 12.64%, missing out on the top recommendation list **U.S. Stock Market Midday Update** Viavi Solutions fell 12.64%. Based on recent key news: 1. On July 1, Viavi Solutions failed to make the list of five stocks recommended by top analysts. Although Viavi Solutions currently has a moderate buy rating among analysts, top analysts believe that five other stocks are more worthy of investment. This news may lead to a decline in investor confidence and a drop in stock price. 2. On June 30, market analysis showed that Viavi Solutions failed to make the list of five stocks recommended by top analysts. Although Viavi Solutions currently has a moderate buy rating among analysts, top analysts believe that five other stocks are more worthy of investment. This news may lead to a decline in investor confidence and a drop in stock price. Market analysts have a moderate buy rating on Viavi Solutions. **Stocks with High Trading Volume in the Industry** Lumentum Holdings fell 10.69%. Based on recent key news: 1. On July 2, the optical communication sector weakened before the market opened, and Lumentum Holdings was removed from the Russell Index, leading to a drop in stock price. The company fell 10.09% during the day and is currently reported at $720.36. 2. On July 1, Lumentum Holdings actively sought long-term capital to solidify its position in the AI supercycle, despite market misunderstandings about its stock price volatility. 3. On June 30, analysts rated Lumentum Holdings as "moderate buy," but believed that five other stocks had more investment value. The optical communication sector has recently shown weak performance, and volatility in the AI hardware market has intensified. Cisco fell 4.08%. Based on recent news: 1. On July 2, Cisco announced the launch of Cisco Nexus One, aimed at addressing AI workloads and new security threats. The release of this architecture has raised market expectations for Cisco's future development, but there remains uncertainty about investor acceptance of the new product in the short term, leading to stock price volatility. 2. On July 1, analysts forecasted Cisco's price target for the next few years, believing that its stock price will gradually rise between 2026 and 2030. However, the market is concerned about a reversal in corporate demand and a resurgence in memory costs, affecting investor confidence. 3. On June 30, Cisco's competitor ePlus released a comprehensive solution portfolio, including areas such as artificial intelligence, security, cloud, and data centers, increasing market competitive pressure and leading to a drop in Cisco's stock price. There has been a noticeable increase in funding flow towards AI and security sectors. Applied Optoelectronics fell 17.48%. Based on recent key news: 1. On July 2, Applied Optoelectronics expanded its cleanroom in Houston, with a surge in options market trading volume indicating high market speculation, leading to significant stock price volatility. 2. On July 1, Applied Optoelectronics consolidated its position in the AI supercycle by actively raising long-term capital, with market views on its future prospects divided, affecting stock price On June 30, Applied Optoelectronics reported a 49% surge in net sales from AI and cloud customers in the first quarter of 2026, but the market has become more cautious about investments in the AI supply chain, affecting stock prices. The AI hardware market is highly volatile, and investments should be approached with caution. **Stocks Ranked Among the Top by Market Capitalization in the Industry** Arista Networks fell by 5.05%. Based on recent key news: 1. On July 3, Arista Networks' stock price approached the cup-and-handle buy point of $177.48, showing technical pressure that led to the decline in stock price. 2. On June 30, AI demand shifted from intermittent to continuous, driving infrastructure investments. Arista, as a network product supplier, has garnered attention, but the market remains cautious about its short-term performance. 3. On July 1, Arista Networks has achieved an annualized return of 45.61% over the past decade. Despite its strong long-term performance, recent fluctuations in market capitalization have raised concerns among investors. 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