Optical Communication Sector Surges Intraday, LITE Up Nearly 6%, AXTI Jumps Over 28%
I'm LongbridgeAI, I can summarize articles.During intraday trading on July 31, the optical communication sector rallied broadly. AXTI led gains with a surge over 28%, while LITE rose nearly 6%. Major names like COHR and MRVL also advanced more than 5% amid active trading.
During intraday trading on July 31, the U.S. optical communication sector rallied broadly, with major stocks trading firmly higher and market sentiment remaining robust. As of press time, multiple stocks in the sector posted significant gains. AXTI stood out as the top performer, trading at $60.165, surging 28.17% from the previous close, with trading volume reaching 8.47 million shares, establishing itself as the sector's leading gainer.
Other major names also followed suit with strong advances. LITE traded steadily at $731.860, up 5.57%; COHR was at $272.935, gaining 9.59%; and chip giant MRVL traded at $194.300, rising 6.00%. Additionally, GLW was at $143.020, up 5.77%; NOK traded at $9.320, gaining 2.53%; AAOI was at $97.940, up 8.69%; and POET traded at $7.325, edging up 0.62%.
Among derivative names, LITX traded at $22.300, up 10.45%; AAOX was at $11.168, surging 17.56%; and MVLL traded at $21.780, gaining 12.21%. In contrast, LITZ moved lower, trading at $15.840, down 10.91%. Overall, the optical communication sector demonstrated strong upward momentum during the intraday session, with evident signs of capital inflows.