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Lumentum Holdings Inc.

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SiLLC Tech Nexus | Market Update: Wall Street Is Testing the AI Trade

(msc, October 23 2026) Wall Street has clearly entered a more demanding phase. The Nasdaq lost 2.6% on Thursday, with AI infrastructure, semiconductors and optical networking stocks taking another serious hit. Rising financing costs, concerns about massive AI capital expenditure and renewed geopolitical tensions in the Middle East have created an uncomfortable mix for technology investors.
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Lumentum, Astera Labs, and Corning to Demonstrate 1060 nm VCSEL-Based PCIe over Optics for AI Rack-Scale Connectivity at the 2026 OCP Global Summit

Joint rack-level demonstration combines Astera Labs Scorpio Smart Fabric Switch, Lumentum high-density VCSEL optical interconnect platform, and Corning multimode fiber connectivity | $LITE $ALAB $GLW

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Lumentum, Astera Labs, and Corning to Demonstrate 1060 nm VCSEL-Based PCIe over Optics …
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