US Stock Market Move | Lumentum (LITE.US), will be included in the S&P 500 Index, continued to rise by nearly 8% at the opening.

On Tuesday, Lumentum(LITE.US) opened up nearly 8%, with a surge of 87% year-to-date, now trading at $687.23. In terms of news, on March 23rd, Lumentum officially joined the S&P 500 index, leading to passive allocation demand from index funds. Additionally, on March 2nd, NVIDIA Corporation announced a multi-year strategic agreement with Lumentum, including a $2 billion investment and procurement commitment, to accelerate the development of AI optical interconnect technology.