Lumentum Holdings Inc. was added to the Nasdaq-100 Index on May 18, 2026, following a year of strong AI-related demand for its optical and photonic technologies supporting cloud, telecom, and data center infrastructure. This inclusion, combined with record revenue growth linked to AI infrastructure and increased exposure through momentum and photonics-focused ETFs, is reshaping how Lumentum is owned and traded by global investors. We’ll now examine how Lumentum’s Nasdaq-100 inclusion and...

Shares of Astera Labs surged Wednesday, building on a strong gain from Tuesday as investors appeared bullish on the maker of semiconductor-based connectors for cloud and artificial-intelligence infrastructure ahead of Nvidia earnings and after the company gave upbeat commentary at a technology and media conference. Astera Labs stock jumped 18% to $287.48 on Wednesday, marking a record closing high. At a J.P. Morgan technology, media and communications conference on Tuesday, Astera Labs executives sounded an optimistic note on the company’s Scorpio X fabric switches, networking hardware used by data centers.

Does Lumentum (LITE) have what it takes to be a top stock pick for momentum investors? Let's find out.

LITE, UCTT, and AMAT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 20, 2026.

Fresh capital for AI photonic interconnects collides with mounting dilution, today, May 19, 2026.

The major stock indexes finished in negative territory Tuesday as inflation worries drove up Treasury yields, elevating borrowing costs for companies and consumers. The S&P 500 and the Nasdaq composite each fell for a third straight session after recent record highs.