Lumentum Holdings experienced notable upward momentum accompanied by intraday volatility, largely driven by continued institutional digestion of its recently reported quarterly results and powerful structural tailwinds in artificial intelligence optical networking. The company recently delivered a strong fiscal fourth-quarter performance, exceeding Wall Street expectations for both revenue and adjusted earnings per share, while providing forward guidance that significantly surpassed consensus forecasts. Following an initial post-earnings rally and a subsequent bout of short-term profit taking earlier in the week, aggressive dip-buying returned as investors reassessed the underlying strength of the company’s operating leverage and…