Optical Communication Stocks Rise During Regular Trading, POET Up 4%, MRVL Up 4%
During regular trading on Thursday (September 11), optical communication stocks gained broadly. POET Technologies (POET.US) climbed 4.37% to $7.93, reaching a session high of $8.11, up 6.64% at its peak. Marvell Technology (MRVL.US) surged 4.26% to $236.63, with an intraday high of $238.90, marking a 5.12% increase. Coherent (COHR.US) advanced 3.94% to $304.73, while Nokia (NOK.US) rose 4.00% to $11.05. Among derivative tickers, MVLL.US showed amplified gains, rising over 8%.
On the news front, market expectations of sustained demand for optical modules in global data centers have boosted earnings forecasts for related supply chain companies. Additionally, some institutions noted accelerated shipments of 800G optical modules, benefiting industry leaders.
