Pre-market: US Stock Tech Stocks Tumble, AXTI Drops Over 10%, Photonic ETF FOTO Down 5.45%

BlockBeats News, June 23rd, according to Bitget market data, pre-market trading of US stocks in the optical communication sector saw a general decline, including:

The Pure Photonic ETF FOTO fell by 5.45%;

Huang Renxun's recommended stock, Marvell Technology (MRVL), fell by 8.6%. Previously, Huang referred to it as the next trillion-dollar market cap company;

AAOI (Applied Optoelectronics) fell by 7.05%. The company is a manufacturer of high-speed optical modules (800G/1.6T) focusing on AI data center transceivers;

LITE (Lumentum Holdings) fell by 6.6%. The company is a core supplier of optical communication lasers and modules, serving as a major player in AI data center applications;

COHR (Coherent Corp.) fell by 8.04%. The company is a leader in lasers, optical components, and photonic solutions, with a presence in data center and industrial applications;

CIEN (Ciena Corporation) fell by 5.94%. The company produces high-speed SerDes and connectivity chips, focusing on low-power interconnects for AI data centers;

FN (Fabrinet) fell by 5.12%. The company is a leading high-end optical module contract manufacturer, providing manufacturing services to multiple optical module companies;

AXTI (AXT Inc.) fell by 10.1%. The company is a supplier of optical chip materials (InP, GaAs substrates), supplying key materials for AI optical modules;

NOK (Nokia) fell by 7.55%. As a telecommunications equipment giant, Nokia has recently made significant efforts in optical networking and AI data center interconnectivity, positioning itself as a key player in optical modules and photonics concepts extension.