Optical communication stocks gain, LITE up 2%, POET up 1%
Lumentum (LITE) edged up 1.94% in overnight trading to $910.95, with the session high reaching $911.15. POET (POET) rose 1.46% to $7.62, Coherent (COHR) gained 1.36% to $300.00, and Applied Optoelectronics (AAOI) advanced 1.12% to $99.16. Marvell (MRVL) added 0.35% to $241.60, Corning (GLW) climbed 0.77% to $148.94, AXT (AXTI) rose 0.66% to $68.20, and Nokia (NOK) gained 0.66% to $10.67.
The optical communication sector extended overnight gains as AI computing demand continues to drive optical module and chip demand. Expectations for 800G and 1.6T high-speed module shipments supported sector valuation. Among derivative ETFs, LITX surged 3.61%, AAOX rose 1.96%, MVLL gained 0.80%, while LITZ fell 2.21%.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| LITX | LITX.US | 30.10 | +3.61% |
| AAOX | AAOX.US | 9.36 | +1.96% |
| Lumentum | LITE.US | 910.95 | +1.94% |
| POET | POET.US | 7.62 | +1.46% |
| Coherent | COHR.US | 300.00 | +1.36% |
| Applied Optoelectronics | AAOI.US | 99.16 | +1.12% |
| MVLL | MVLL.US | 30.31 | +0.80% |
| Corning | GLW.US | 148.94 | +0.77% |
| AXT | AXTI.US | 68.20 | +0.66% |
| Nokia | NOK.US | 10.67 | +0.66% |
| Marvell | MRVL.US | 241.60 | +0.35% |
| LITZ | LITZ.US | 7.08 | -2.21% |