US Stock Market Move | The optical communication sector is on the rise, with Lumentum (LITE.US) increasing by 8%.
The optical communication sector is rising, as of the time of writing, Lumentum has risen by 8%.
On Monday, the optical communication sector has risen. As of press time, Lumentum (LITE.US) has risen by 8%, Coherent (COHR.US) has risen by over 5.7%, Marvell Technology, Inc. (MRVL.US) has risen by over 3%, Applied Optoelectronics (AAOI.US) has risen by over 2%, and Corning Inc (GLW.US) has risen by over 1%.
In terms of news, Barclays believes that despite recent stock price declines due to market concerns, the fundamental demand for AI network components remains strong, providing a buying opportunity on dips. The fundamental drive for the sector's rise still comes from the strong demand brought by AI. From the feedback of the industry chain, AI computing power investment continues to grow, directly driving demand for products such as optical modules and optical devices.
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