Optical Communication Stocks Rally, AAOI Up 8%, COHR Up 6%, AXTI Up 5%
October 2 (Friday) during regular trading hours, optical communication stocks rallied across the board as AI datacenter construction accelerates demand for high-speed optical modules. Applied Optoelectronics(AAOI.US) climbed 7.97% to $115.88, leading the sector with an intraday high of 9.65% at $117.70. Coherent(COHR.US) surged 5.65% to $337.24, hitting a session high of 5.99%. AXT Inc(AXTI.US) rose 4.49% to $85.48. Lumentum(LITE.US) gained 3.88% to $1,086.41, reaching an intraday peak of 4.38% at $1,091.61. Marvell(MRVL.US) advanced 2.25% to $274.12, Nokia(NOK.US) rose 2.46% to $10.63, and POET(POET.US) edged up 1.31% to $7.74.
On the catalyst front, accelerating AI datacenter buildout is driving surging demand for 800G/1.6T optical modules with order volumes continuing to expand. Leveraged ETFs in the sector showed mixed performance: LITX(LITX.US) jumped 8.33%, AAOX(AAOX.US) soared 15.87% demonstrating significant leverage effect, while LITZ(LITZ.US) fell 7.99% and MVLL(MVLL.US) gained 4.62%.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| AAOX | AAOX.US | 12.34 | +15.87% |
| LITX | LITX.US | 42.22 | +8.33% |
| Applied Optoelectronics | AAOI.US | 115.88 | +7.97% |
| Coherent | COHR.US | 337.24 | +5.65% |
| MVLL | MVLL.US | 38.44 | +4.62% |
| AXT Inc | AXTI.US | 85.48 | +4.49% |
| Lumentum | LITE.US | 1086.41 | +3.88% |
| Nokia | NOK.US | 10.63 | +2.46% |
| Corning | GLW.US | 164.27 | +2.40% |
| Marvell | MRVL.US | 274.12 | +2.25% |
| POET | POET.US | 7.74 | +1.31% |
| LITZ | LITZ.US | 18.77 | -7.99% |