AI optics stocks including Applied Optoelectronics, Coherent, Lumentum, and Marvell fell between 10% and 15% following concerns about hyperscaler spending after Google's market value dropped by over $500 billion due to higher-than-expected cash burn. These companies supply critical components for AI data centers, so their performance is closely tied to big cloud companies' budgets. Despite the selloff, some firms report demand outpacing supply through mid-2027, and potential mergers and upcoming earnings reports could shift market sentiment. Investors should remain cautious amid ongoing uncertainty about hyperscaler spending.
Marvell Technology leads in market cap among AI optics stocks at $196.22 billion, with a dividend yield of 0.11%. As of Oct 31, 2026 00:12 WIB, Applied Optoelectronics is down 15.72% on Pluang at USD 66.74, while Coherent and Lumentum also fell sharply by 12.79% and 11.69% respectively. Despite the selloff, Marvell sees strong buying interest on Pluang with 80% buy orders, contrasting with higher sell pressure on Coherent at 69%.
Marvell is reportedly close to acquiring optical component maker Lumentum, a move that has caused Marvell's shares to drop 13% while Lumentum's rose 6%. The deal aims to secure scarce optical components critical for AI data centers, with Lumentum's p...
Optical stocks like Lumentum and Applied Optoelectronics are rising sharply due to their key role in AI infrastructure, with Lumentum up 4% and Applied Optoelectronics up 3%. Analysts highlight optics as a critical bottleneck in AI expansion, especia...
StoneX initiated coverage of Lumentum with a Buy rating and a $1,200 price target, driving an 8% jump in Lumentum shares. This boost lifted other optical networking stocks like Applied Optoelectronics and Coherent by around 6%, signaling renewed inve...
