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Lumentum AI pivot triggers massive Nasdaq 100 shakeup

Some companies spend decades on the Nasdaq without ever cracking the inner circle. Then one Friday afternoon, an announcement changes everything.That very scenario just happened to Lumentum Holdings (LITE). Nasdaq announced it would replace CoStar Group (CSGP) with Lumentum in the Nasdaq-100 Index before the opening bell on May 18, 2026. By Monday’s close, LITE shares were up 16% to…

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