The optical communications sector has been quite dramatic lately. Even with great earnings, Lumentum couldn't save its stock price, which just plunged, probably leaving many believers who added positions hanging out to dry; Coherent being completely sold off by Bain Capital is just heartbreaking, and expansion news couldn't even lift it. AAOI's internal share reduction, whether it's good or bad news, stirs up some unease; Corning actually surged against the trend and signed a big order with Meta, so whoever's holding GLW right now must be feeling pretty good.
That's just how tech stocks are, who knows what day will bring what... It's not about the fundamentals, it's about the mindset.
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