US Stock Market Move | Optical communication concept stocks continue to show strength, with Lumentum (LITE.US) rising by 6%.

On Monday, stocks in the optical communication sector continued to be strong, with Credo Technology (CRDO.US) rising nearly 8%, Lumentum (LITE.US) rising 6% to hit a new all-time high, Corning Inc (GLW.US) rising over 5%, and Ciena (CIEN.US) rising 4%. With the acceleration of artificial intelligence and data center construction, the optical communication industry is expected to experience unprecedented high-speed growth by 2025. According to market research firm Cignal AI, the revenue of optical components market is expected to reach a new high in 2025, with the revenue of the optical networking sector estimated to exceed $18 billion and the revenue of optical modules reaching nearly $6 billion. The revenue of the optical networking module market is forecasted to continue to grow at a compound annual growth rate of over 20% from 2024 to 2029, reaching close to $29 billion by the end of 2029.