Optical Communication Stocks Rally Sharply, with AXTI Surging as Much as 44%

Tiger Newspress

07/31

Optical communication concept stocks staged a broad-based rally during Friday’s trading session. AXT Inc notched an intraday jump of as high as 44%. Astera Labs, Inc. and Coherent both climbed over 9%, while Applied Optoelectronics rose more than 8% and Lumentum advanced upwards of 6%. Corning, Tower Semiconductor and Ciena each posted gains exceeding 5%.

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AXT Inc notched an intraday jump of as high as 44%. Astera Labs, Inc. and Coherent both climbed over 9%, while Applied Optoelectronics rose more than 8% and Lumentum advanced upwards of 6%. Corning, Tower Semiconductor and Ciena each posted gains exceeding 5%.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}