Shares of Lumentum Holdings Inc. (LITE) rose over 3% on Monday morning after the company announced a major multiyear strategic agreement with NVIDIA Corporation (NVDA) to advance next-generation AI optics technologies.
The stock is currently trading at $724.31, up $23.40 or 3.34%. It opened at $743.21 after closing the previous session at $700.91. The stock has traded between $45.65 and $780.00 over the past 52 weeks.
Under the non-exclusive agreement, NVIDIA made a multi-billion-dollar purchase commitment for advanced laser components and secured future capacity access rights. In addition, NVIDIA is investing $2 billion in Lumentum to support research and development, future capacity expansion, and U.S.-based manufacturing, including a new fabrication facility.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.