Seeking Alpha
03 Nov 2026, 04:33 UTC · 3h ago
Nasdaq And S&P 500 Index Lose Momentum, Pull Down Market
Impact · against what's priced in
The price action in Marvell and Lumentum reflects a short-term momentum shift rather than a fundamental break in AI infrastructure demand. Because both stocks are already priced for significant decelerations from their peak growth rates, the current session's weakness is a marginal negative rather than a structural catalyst.
- LITE−0.15
Challenges what's priced in
- The price assumes
deceleration from the current triple-digit growth rate down to 38.4%
As part of a broader tech selloff, Lumentum's decline indicates that investors are currently discounting the high-growth AI narrative, though the price already assumes a significant drop from current triple-digit rates.
What LITE's price assumes · Sep 4
