Lumentum and Coherent Shares Surge on Potential US Restrictions on Chinese Transceivers

Key Facts

1Lumentum and Coherent shares surged following reports that Washington is targeting Chinese optical transceivers for potential restrictions.

Lumentum and Coherent shares surged following reports that Washington is targeting Chinese optical transceivers for potential restrictions. Benzinga reported that these potential trade actions against Chinese competitors are expected to create a significant supply tailwind for U.S.-based manufacturers.

LITE closed at $971.26 on September 30, 2026, having reached a day high of $1009.45 during the session. On the same date, COHR closed at $287.81, with the stock trading between a low of $282.25 and a high of $299.50 as markets reacted to the potential shift in the competitive landscape for AI infrastructure.