Optical Communication Stocks Rise Broadly, POET Up 5%, MRVL Up 5%
Optical communication stocks advanced during regular trading Thursday. POET Technologies(POET.US) climbed 4.89% to $7.97, hitting a session high of 6.64% at $8.11. Marvell Technology(MRVL.US) surged 4.53% to $237.25, while Coherent(COHR.US) gained 4.34% to $305.88. Nokia(NOK.US) rose 3.42% to $10.98, though Lightwave Logic(LITE.US) slipped 0.95% to $926.80.
Continued expansion in AI infrastructure demand boosted orders for optical module and component makers, prompting multiple firms to upgrade sector ratings. Among leveraged products, 2x ETF LITX.US jumped 6.20%, while inverse ETF LITZ.US declined 5.80%.
