Lumentum Holdings Inc is trading 4.4% down at $903.33 as it extends a pullback from its recent rally tied to a $650.4 million debt-for-equity exchange.
- The decline comes amid broader profit-taking in AI and semiconductor stocks following a period of significant gains.
- Tech sentiment is weakening ahead of a key U.S. jobs report, with Nasdaq-linked futures down over 1%, pressuring growth and risk assets.