Stock Track | Veeco Instruments Soars 5.10% Intraday on Multi-System Order for InP Laser Production Tools

Stock Track

03/03

Veeco Instruments (VECO) stock surged 5.10% during Monday's intraday trading session following the announcement of a significant new equipment order.

The company announced it secured orders from a global optical communications laser manufacturer for multiple Lumina Metal Organic Chemical Vapor Deposition (MOCVD) systems and Spector Ion Beam Sputtering optical coating systems. These tools will be used to produce indium phosphide (InP) lasers for datacom optical communication solutions.

The systems are critical for manufacturing high-speed optical transceivers, which are essential components for connecting AI servers and handling massive data flows in hyperscale data centers. The optical transceiver market has been experiencing rapid growth, with sales exceeding $23 billion in 2025 according to market research.

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