Optical communication stocks rise during regular trading, Coherent up 5%

Optical communication stocks advanced during regular trading on Friday (September 18). Coherent(COHR.US) led the sector, rising 4.53% to $309.40, with an intraday high of $314.24 representing a 6.17% gain. AAOI(AAOI.US) climbed 2.59% to $100.60, Corning(GLW.US) gained 1.79% to $150.44, and Lumentum(LITE.US) rose 1.61% to $908.00. Axcelis(AXTI.US) added 0.75% to $68.26, POET(POET.US) edged up 0.57% to $7.55, and Nokia(NOK.US) inched 0.33% higher to $10.64. Marvell(MRVL.US) bucked the trend, declining 1.70% to $236.66.

The optical communication sector benefited from sustained AI computing demand and robust data center optical module requirements. Coherent, as a leader in optical communication components, faces optimistic market expectations for its performance. Among derivative ETFs, AAOX(AAOX.US) surged 4.58% showing amplified exposure, LITX(LITX.US) gained 3.10%, while LITZ(LITZ.US) fell 3.31% and MVLL(MVLL.US) declined 3.29%.

Sector constituents

NameTickerLastChange
AAOXAAOX.US9.60+4.58%
CoherentCOHR.US309.40+4.53%
LITXLITX.US29.95+3.10%
AAOIAAOI.US100.60+2.59%
CorningGLW.US150.44+1.79%
LumentumLITE.US908.00+1.61%
AxcelisAXTI.US68.26+0.75%
POETPOET.US7.55+0.57%
NokiaNOK.US10.64+0.33%
MarvellMRVL.US236.66-1.70%
MVLLMVLL.US29.08-3.29%
LITZLITZ.US7.00-3.31%

Source: Movers Alert The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.