US Stock Market Move | The stock of Guangdong Communication fell, Applied Optoelectronics (AAOI.US) dropped by over 13%.

On Thursday, shares of optical communication companies fell. Applied Optoelectronics (AAOI.US) dropped more than 13%, Fabrinet (FN.US) and Lumentum (LITE.US) both dropped more than 6%, Coherent (COHR.US) fell more than 3%, and Corning Inc (GLW.US) fell more than 2%. On the news front, Applied Optoelectronics previously announced that it had received a bulk order for its first 1.6T data center transceiver from a long-standing large-scale customer to improve network bandwidth for its AI workloads. The company's stock price had surged 102% over the past 10 trading days, leading to pressure for quick profit-taking after the rapid rise.