Why Is Lumentum (LITE) Stock Up 5.66% Today, Sep 29? Nvidia Optics Ramp and Citi’s $1,400 Target Lift LITE

Lumentum rose 5.66% as reports pointed to a faster-than-expected Nvidia co-packaged optics (CPO) ramp, supported by expanded TSMC testing capacity and Citi's target increase. The news reinforces expectations for stronger AI-networking laser demand and lifted broader optical-connectivity peers, improving near-term sector sentiment. Focus now shifts to confirmation via deployments and orders as shares test a well-watched resistance zone near $1,000.