Group 1 - Lumentum Holdings Inc. (NASDAQ:LITE) experienced a decline of 4.42% on Wednesday, closing at $163.34, amid overall pessimism in the semiconductor industry [1] - The Chinese government announced investigations into US semiconductor companies for alleged dumping practices, which reportedly led to margins exceeding 300% [2] - Although the probe targets specific chip types and does not directly affect Lumentum, portfolio rebalancing was conducted to mitigate risks from ongoing US-China trade tensions [3] Group 2 - Lumentum recently completed a $1.1 billion offering of senior convertible notes due in 2032, with an annual interest rate of 0.375%, payable semi-annually starting March 15, 2026 [4] - There is a belief that while Lumentum has potential as an investment, certain AI stocks may offer greater returns with limited downside risk [5]