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Lumentum Joins Nasdaq 100; AAOI Drops: Optical Diverges, Would You Buy?
Lumentum gained 1% after announcing it will officially join the Nasdaq 100 on May 18th, opening a passive fund forced-buying window, with JPMorgan, UBS, and Barclays all initiating positive coverage simultaneously.
Applied Optoelectronics fell 5% after its Q1 earnings call disappointed markets that had priced in high-growth data center optical module expectations, with shares retreating meaningfully from recent highs. Is the index inclusion buying window a reason to chase? Within optical, do you chase strength or buy the dip?
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