US Stock Photos Communications Stocks Downtrend, AAOI Plunges Over 7%

BlockBeats News, June 9th. According to Bitget market data, US optical communication stocks experienced a general decline. On May 28th, the newly listed FOTO ETF (Pure Photonic ETF) dropped by 3.01%. Among individual optical module stocks:

George Huang's recommended stock, Marvell Technology (MRVL), fell by 6.69%. Huang had previously touted it as the next trillion-dollar market cap company;

AAOI (Applied Optoelectronics) dropped by 7.13%. The company is a manufacturer of high-speed optical modules (800G/1.6T) focusing on AI data center transceivers;

LITE (Lumentum Holdings) declined by 3.48%. The company is a key supplier of optical communication lasers and modules, serving as a major supplier to AI data centers;

COHR (Coherent Corp.) fell by 7.02%. The company is a leader in lasers, optical components, and photonics solutions, with a presence in data centers and industrial sectors;

CIEN (Ciena Corporation) dropped by 4.61%. The company produces high-speed SerDes and interconnect chips, focusing on low-power interconnects for AI data centers;

FN (Fabrinet) fell by 2.95%. The company is a leading high-end optical module contract manufacturer, providing manufacturing services to multiple optical module companies;

AXTI (AXT Inc.) declined by 4.16%. The company is a supplier of optical chip materials (InP, GaAs substrates), offering key raw materials for AI optical modules;

NOK (Nokia) dropped by 3.63%. As a telecom equipment giant, Nokia has recently made significant efforts in optical networking and AI data center interconnects, positioning itself as a key player in optical modules and photonics concepts.