US Stock Market Move | Photonics concept stocks performed strongly in the early trading session, with POET Technologies (POET.US) rising over 20%.

On Wednesday, concept stocks in the field of optical communication showed strong performance, with POET Technologies (POET.US) rising by over 20%, Applied Optoelectronics (AAOI.US), Astera Labs (ALAB.US), and Credo Technology (CRDO.US) all rising by over 1%. In terms of news, it was reported that POET Technologies' Chief Financial Officer, Thomas Mika, stated that the company has received orders from Marvell Technology, Inc. (MRVL.US), but is still waiting for responses from manufacturing giants Foxconn and Luxshare Precision Industry. Thomas Mika said: "When you deal with big companies that promise to use your component design modules, sometimes you get their responses and sometimes you don't. We hope to at least receive a response from one of these companies." He also confirmed that POET Technologies has received a purchase order from Marvell and plans to ship according to that order, with some goods expected to be delivered as early as next quarter. "We have received their purchase order, we will ship according to the order, and we plan to continue this partnership and deepen it over time."