US Stocks Open: Optical Communication Sector Turns Green, AAOI and AXTI Surge Over 8%, MRVL Slightly Down by 0.4%

BlockBeats News, June 10th, according to Bitget market data, after the U.S. stock market opened, stocks related to optical communication generally turned red, including:

The Pure Photonic ETF FOTO rose by 1.25%;

Huang Renxun's recommended stock Marvell Technology (MRVL) fell by 0.4%. Previously, Huang had referred to it as the next trillion-dollar market cap company;

AAOI (Applied Optoelectronics) surged by 8.6%. The company is a manufacturer of high-speed optical modules (800G/1.6T) focusing on AI data center transceivers;

LITE (Lumentum Holdings) rose by 3.68%. The company is a leading supplier of optical communication lasers and modules, serving as a key player in AI data center development;

COHR (Coherent Corp.) rose by 0.17%. The company is a leading provider of lasers, optical components, and photonic solutions, covering data center and industrial applications;

CIEN (Ciena Corporation) rose by 0.04%. The company manufactures high-speed SerDes and connectivity chips, specializing in low-power interconnects for AI data centers;

FN (Fabrinet) rose by 0.97%. The company is a top-tier contract manufacturer and assembler of high-end optical modules, providing manufacturing services to multiple optical module companies;

AXTI (AXT Inc.) surged by 9.6%. The company is a supplier of optical chip materials (InP, GaAs substrates), supplying key materials for AI optical modules;

NOK (Nokia) fell by 1.3%. As a telecommunications equipment giant, Nokia has actively expanded into optical networks and AI data center interconnects in recent years, playing a significant role in the optical module and photonics concepts extension.