Lumentum's stock price fell about 33% from its May 2026 peak due to a multi-phase selloff involving profit-taking, valuation adjustments, and sector-wide AI narrative shifts. Despite the correction, the underlying demand for AI-related optical technologies remains strong, driven by transitions in optical interconnects and expansion in hyperscaler infrastructure. The company's future valuation recovery depends on execution in key areas like optical components and laser supply. This correction is seen as a market re-rating rather than a failure of Lumentum's growth thesis.
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Revolut will stop supporting Tether's USDT stablecoin by August 31, 2026, to comply with the EU's MiCA regulations, which require stablecoins to have EU approval. Users can no longer buy USDT after July 6 and deposits will be disabled after July 30. ...
