AI capex concerns ease alongside supply advantages, optical communications LITE and AAOI once surged over 10%.

BlockBeats news, October 27 - On October 26 US Eastern Time, the optical communications sector rebounded, with Lumentum (LITE) closing up 8.19%, Coherent (COHR) rising 5.83%, and Ciena gaining about 4.9%. StoneX initiated coverage on Lumentum and Coherent, both with a "Buy" rating, setting target prices of $1,200 and $425 respectively, and expressed optimism about the supply advantages of AI optical communications capacity.

Additionally, Anthropic's IPO filing and financing news related to Meta and SpaceX continued to reinforce market expectations for sustained AI capital expenditure; reports that the US may restrict certain imports of optical modules and tightening supply of indium phosphide (InP) further highlighted potential opportunities for domestic optical communications suppliers.

According to TradingBeats monitoring, as of press time, LITE and AAOI perpetual contracts on Hyperliquid rose 9.53% and 9.91% respectively in the past 24 hours, with intraday gains once exceeding 10%. Based on the baseline before the public rating report was released at 18:19 last night, the two subsequently rose about 8.16% and 7.90% respectively.

Among them, LITE was at $823.43, with a 24-hour trading volume of about $8.52 million and a funding rate of approximately +0.000625%; after the rating news was released, the open interest (OI) value dropped from about $7.47 million to $5.83 million, a decrease of 21.97%.

AAOI was at $72.401, with a 24-hour trading volume of about $5.47 million, and AAOI's rate was approximately −0.00221%; during the same period, OI dropped from about $5.58 million to $3.65 million, a decrease of 34.61%.

The simultaneous price increase and position contraction occurred as two large accounts collectively took profits of about $2.61 million on LITE and AAOI long positions after the news was released, with one of them having fully closed both positions (0x8afac, 0x3bcae).