US Stock Market Move | Optical communications concept stocks rise broadly; Lumentum (LITE.US) gains over 12%
On Wednesday, optical communications concept stocks rose broadly.
On Wednesday, optical communications concept stocks rose broadly. Lumentum (LITE.US) gained over 12%, Applied Optoelectronics (AAOI.US) rose over 11%, Coherent (COHR.US) climbed over 10%, Marvell Technology, Inc. (MRVL.US) advanced over 9%, Astera Labs (ALAB.US) gained over 5%, and Corning Inc (GLW.US) rose over 3%.
Morgan Stanley believes that as AI data centers continue to scale, optical communications technology is gradually transforming from a traditional data transmission component into critical infrastructure that determines computing system performance. Marvell has advantages in digital signal processors (DSP), network switching chips, and custom chips, while Lumentum possesses hard-to-replicate indium phosphide (InP) laser manufacturing capabilities, optical switching technology, and related production capacity.
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