Raymond James Upgrades Lumentum to Strong Buy Following Marvell Acquisition Agreement
Raymond James analyst Simon Leopold upgraded Lumentum to Strong Buy, citing the company's acquisition by Marvell and strong operating momentum.
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Shares of fiber optic connectivity companies are trading lower after reports suggesting that OpenAI's annualized revenue is approximately $20 billion less than previously indicated, which may weaken demand sentiment in sectors dedicated to compute buildout.
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