Optical Communication Stocks Rally. Applied Optoelectronics Soars Nearly 10%; Coherent, Lumentum up over 5%; Corning up 4%
Tiger Newspress
Mar 24
Optical communication stocks rose on Tuesday. Applied Optoelectronics up 9.6%; Coherent, Lumentum up over 5%; Corning up 4%.
Applied Optoelectronics shares rose after the company announced a new order from a major hyperscaler.
Applied Optoelectronics announced that one of its major hyperscale customers placed an initial volume order for 800G single-mode data center transceivers totaling more than $53 million.
The undisclosed customer plans to use the transceivers to help expand its network capacity for AI-driven workloads. Applied Optoelectronics said the order will specifically support GPU cluster buildup, in line with the customer’s large-scale infrastructure expansion plans.
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