Coherent's stock surged 10% following the launch of its PhotonLink platform, designed for AI data centers, and a new Outperform rating from Bernstein. The optics sector also saw gains with Lumentum up 9% and Corning rising 3%, driven by strong demand for AI infrastructure components. Bernstein highlighted networking and optical suppliers as potential winners in AI infrastructure, boosting investor confidence. The rally reflects optimism about AI-driven data center upgrades but carries risks if spending slows or competition intensifies.
Coherent shares are up 9.32% on Pluang at USD 314.62 as of Oct 01, 2026 22:11 WIB, closely matching the reported 10% jump. Lumentum also gained nearly 9%, trading at USD 1,058.26 with an 8.96% increase. Corning's rise is more modest on Pluang, up 2.06% to USD 156.91, reflecting a smaller but positive move in optics stocks today.
Optics stocks, led by Lumentum Holdings, surged after a sharp selloff triggered by Citi's forecast of an $11 billion optical switching market by 2030. Lumentum rose 7%, supported by strong Q4 FY2026 results and optimistic guidance for Q1 FY2027, refl...
Optics stocks including Coherent, Applied Optoelectronics, and Corning dropped sharply despite Citi's bullish $11 billion optical switching market forecast. The selloff appears driven by profit-taking after these high-beta stocks surged significantly...
