Optical communication stocks rise during regular trading, Coherent up 5%
Optical communication stocks advanced during regular trading on Friday (September 18). Coherent(COHR.US) led the sector, rising 4.53% to $309.40, with an intraday high of $314.24 representing a 6.17% gain. AAOI(AAOI.US) climbed 2.59% to $100.60, Corning(GLW.US) gained 1.79% to $150.44, and Lumentum(LITE.US) rose 1.61% to $908.00. Axcelis(AXTI.US) added 0.75% to $68.26, POET(POET.US) edged up 0.57% to $7.55, and Nokia(NOK.US) inched 0.33% higher to $10.64. Marvell(MRVL.US) bucked the trend, declining 1.70% to $236.66.
The optical communication sector benefited from sustained AI computing demand and robust data center optical module requirements. Coherent, as a leader in optical communication components, faces optimistic market expectations for its performance. Among derivative ETFs, AAOX(AAOX.US) surged 4.58% showing amplified exposure, LITX(LITX.US) gained 3.10%, while LITZ(LITZ.US) fell 3.31% and MVLL(MVLL.US) declined 3.29%.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| AAOX | AAOX.US | 9.60 | +4.58% |
| Coherent | COHR.US | 309.40 | +4.53% |
| LITX | LITX.US | 29.95 | +3.10% |
| AAOI | AAOI.US | 100.60 | +2.59% |
| Corning | GLW.US | 150.44 | +1.79% |
| Lumentum | LITE.US | 908.00 | +1.61% |
| Axcelis | AXTI.US | 68.26 | +0.75% |
| POET | POET.US | 7.55 | +0.57% |
| Nokia | NOK.US | 10.64 | +0.33% |
| Marvell | MRVL.US | 236.66 | -1.70% |
| MVLL | MVLL.US | 29.08 | -3.29% |
| LITZ | LITZ.US | 7.00 | -3.31% |