---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288440847.md"
description: "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's revenue for this quarter just set a historical record and has continuously raised its guidance, resonating with both fundamentals and sentiment. COHR rose 14.79% to $416.57, with an intraday high of $419.30; Lumentum (LITE) increased by 9.17% to $988.00, touching 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) increased by 1.72% to $16.53"
datetime: "2026-06-02T14:04:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288440847.md)
  - [en](https://longbridge.com/en/news/288440847.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288440847.md)
---

# 

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

### Related Stocks

- [COHR.US](https://longbridge.com/en/quote/COHR.US.md)
- [LITE.US](https://longbridge.com/en/quote/LITE.US.md)
- [AXTI.US](https://longbridge.com/en/quote/AXTI.US.md)
- [NOK.US](https://longbridge.com/en/quote/NOK.US.md)
- [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md)
- [GLW.US](https://longbridge.com/en/quote/GLW.US.md)
- [AAOI.US](https://longbridge.com/en/quote/AAOI.US.md)
- [MVLL.US](https://longbridge.com/en/quote/MVLL.US.md)
- [LITX.US](https://longbridge.com/en/quote/LITX.US.md)
- [AAOX.US](https://longbridge.com/en/quote/AAOX.US.md)
- [NOA3.DE](https://longbridge.com/en/quote/NOA3.DE.md)

## Related News & Research

- [Corning earnings beat estimates. Why it’s not enough for the stock.](https://longbridge.com/en/news/294057167.md)
- [Marvell Technology, Inc. $MRVL Shares Acquired by Punch & Associates Investment Management Inc.](https://longbridge.com/en/news/293820387.md)
- [Sei Investments Co. Sells 232,320 Shares of Corning Incorporated $GLW](https://longbridge.com/en/news/293818892.md)
- [Levin Capital Strategies L.P. Sells 6,500 Shares of Corning Incorporated $GLW](https://longbridge.com/en/news/293733064.md)
- [Optical Communication Sector Rises Broadly Intraday; LITE Up Nearly 12%, AXTI Up Nearly 20%](https://longbridge.com/en/news/294376913.md)