US Stock Market Move | Optical communication concept stocks broadly rise; Lumentum (LITE.US) gains over 8%.
On Friday, optical communication concept stocks rose broadly, with Applied Optoelectronics (AAOI.US) surging over 10%, Coherent (COHR.US) gaining over 9%, and Lumentum (LITE.US) rising over 8%.
On Friday, optical communication concept stocks rose broadly. Applied Optoelectronics (AAOI.US) surged over 10%, Coherent (COHR.US) gained over 9%, Lumentum (LITE.US) rose over 8%, Corning Inc (GLW.US) climbed nearly 4%, Nokia Oyj Sponsored ADR (NOK.US) advanced over 2%, and Credo Technology (CRDO.US) gained over 1%.
On the news front, Lumentum CEO Michael Hurlston said in an interview in Tokyo, Japan that demand for some products will still be about 70% unmet by next year, while demand for other products will still be 30% unmet by 2028. In April this year, Hurlston said he expected full-year 2028 capacity to be fully booked within two quarters.
Related Articles
US Stock Market Move | U.S. clinical-stage biopharmaceutical company Retension Pharmaceuticals (RTSN.US) debuted on the U.S. stock market, with its share price falling more than 10% after the opening bell.
US Stock Market Move | Trex Bio (TRXB.US) debuts on the U.S. stock market, falling more than 1.3% after the open.
US Stock Market Move | Included in the Nasdaq 100 Index, Moderna (MRNA.US) rises 7%.
US Stock Market Move | U.S. clinical-stage biopharmaceutical company Retension Pharmaceuticals (RTSN.US) debuted on the U.S. stock market, with its share price falling more than 10% after the opening bell.
US Stock Market Move | Trex Bio (TRXB.US) debuts on the U.S. stock market, falling more than 1.3% after the open.
US Stock Market Move | Included in the Nasdaq 100 Index, Moderna (MRNA.US) rises 7%.
