Optical Communication Sector Surges Intraday: LITE Up Nearly 10%, COHR Over 11%, AAOI Nearly 16%
I'm LongbridgeAI, I can summarize articles.During Tuesday's (July 21) intraday session, the US optical communication sector rallied broadly. Major stocks like LITE, COHR, and AAOI posted significant gains of nearly 10%, over 11%, and nearly 16% respectively. MRVL and AXTI also showed strong performance amid active trading.
During the intraday session on Tuesday (July 21), the US optical communication sector rallied broadly, with multiple major stocks posting significant gains. As of press time, popular stock LITE (Lumentum Holdings) performed strongly, trading at $836.36, up 9.24% from the previous close, with an intraday high of $843.00 and turnover reaching $2.71 billion.
Among constituents, COHR (Coherent Corp.) and AAOI (Applied Optoelectronics) led the gains. COHR traded at $317.18, up 11.13%, with turnover of approximately $1.28 billion. AAOI traded at $118.91, up nearly 16%, showing volatile intraday movement with a high of $120.20 and turnover of $963 million. Additionally, MRVL (Marvell Technology) traded at $207.55, up 6.47%, with substantial turnover of $3.56 billion, indicating strong institutional interest in sector leaders.
Regarding other major stocks, AXTI (Axcelis Technologies) traded at $55.77, up 14.21%; NOK (Nokia) traded at $10.66, up 5.75%; and POET (POET Technologies) traded at $8.26, up 10.51%. Among derivative stocks, LITX, AAOX, and MVLL also followed the sector trend with varying degrees of gains, with AAOX surging 30.45%. Overall, the optical communication sector saw significant capital inflows during today's session, reflecting heightened market sentiment.