---
title: "Optical Communication Sector Plunges Intraday, LITE Down Nearly 9%, AXTI Drops Over 11%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293791848.md"
description: "The optical communication sector saw a sharp intraday decline with major stocks falling across the board. LITE dropped nearly 9%, AXTI fell over 11%, while GLW and COHR both declined more than 6%."
datetime: "2026-07-24T19:46:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293791848.md)
  - [en](https://longbridge.com/en/news/293791848.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293791848.md)
generator: "portal-rs"
---

# Optical Communication Sector Plunges Intraday, LITE Down Nearly 9%, AXTI Drops Over 11%

During the intraday session on Thursday (July 24), the optical communication sector faced significant selling pressure, with major stocks plummeting collectively. As of press time, most stocks in the sector posted notable losses, reflecting cautious market sentiment.

Specifically, **LITE.US** dipped to a low of $755.03 during the session and was last trading at $759.98, down**8.84%**from the previous close.**AXTI.US**showed even greater weakness, falling to $47.09, a decline of**11.03%**.**GLW.US**traded at $146.59, down**6.07%**, while**COHR.US**was at $282.57, dropping**9.79%**. Chip giant**MRVL.US**also succumbed to the downturn, trading at $193.58, down**7.52%**.

Among other components,**NOK.US**fell over 7% to $9.045,**AAOI.US**dropped nearly 11% to $100.38, and**POET.US**declined about 8.75% to $6.935. In the derivative segment,**LITX.US**,**LITZ.US**,**AAOX.US**, and**MVLL.US**also followed the sector's downward trend with varying degrees of decline. Notably, LITZ bucked the trend with a 17.71% gain to $16.715, showing relative independence. Overall, the optical communication sector exhibited a broad-based decline during today's intraday trading, with clear signs of capital outflow.

### Related Stocks

- [LITE.US](https://longbridge.com/en/quote/LITE.US.md)
- [AXTI.US](https://longbridge.com/en/quote/AXTI.US.md)
- [GLW.US](https://longbridge.com/en/quote/GLW.US.md)
- [COHR.US](https://longbridge.com/en/quote/COHR.US.md)
- [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md)
- [NOK.US](https://longbridge.com/en/quote/NOK.US.md)
- [AAOI.US](https://longbridge.com/en/quote/AAOI.US.md)
- [POET.US](https://longbridge.com/en/quote/POET.US.md)

## Related News & Research

- [NFJ Investment Group LLC Invests $15.58 Million in Corning Incorporated $GLW](https://longbridge.com/en/news/296603877.md)
- [Grandfield & Dodd LLC Takes $12.04 Million Position in Corning Incorporated $GLW](https://longbridge.com/en/news/296196821.md)
- [Zayo expands long-term fiber optic cable supply agreement with Corning](https://longbridge.com/en/news/296496059.md)
- [Nokia reportedly plans Hangzhou R&D center closure, affecting 1,600 jobs](https://longbridge.com/en/news/296058726.md)
- [Corning (NYSE:GLW) Stock Price Down 1%  - Time to Sell?](https://longbridge.com/en/news/296655738.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**