News

LB Select
2026.06.02 14:04

On Tuesday (June 2), the optical communication sector in the U.S. stock market rose across the board.

Marvell Technology (MRVL) led the sector with a surge of 23.61%, closing at $271.22, reaching an intraday high of $277.22, a new historical high, with its derivative MVLL also significantly rising; on the news front, the company just set a historical record for revenue this quarter and continuously raised its guidance, resonating with both fundamentals and sentiment.

Coherent Corp. (COHR) rose 14.79% to $416.57, with an intraday high of $419.30; Lumentum (LITE) increased by 9.17% to $988.00, reaching an intraday high of $994.46, approaching the $1,000 mark, with its derivative LITX following suit.

Corning (GLW) rose 9.11% to $192.80; Applied Optoelectronics (AAOI) increased by 6.97% to $198.62, with continued funding following a call from well-known influencer Serenity on Twitter on Saturday, and its derivative AAOX also strengthened; AXT (AXTI) rose 7.63% to $117.91, with an intraday high of $123.01; Nokia Oyj (NOK) rose 1.72% to $16.53

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