Optical component stocks like Applied Optoelectronics, Coherent, and Lumentum are dropping between 4% and 9% after a year of strong gains driven by demand from AI data centers. The selloff reflects profit taking, especially in stocks that surged the most, with the broader photonics sector ETF falling 6%. While demand for optical interconnects remains strong, the sharp price increases have led investors to reset positions. The coming days will show if this is a sector-wide correction or a pullback in a few crowded names.
Following the profit-taking in optics stocks, Applied Optoelectronics is down 8.70% at USD 111.88 on Pluang as of Oct 08, 2026 23:11 WIB, while Coherent has fallen 5.34% to USD 316.69. Lumentum also slipped 3.87% to USD 1,068.03, with a notable 43% of Pluang users selling the stock. These movements highlight active position adjustments among investors on the platform amid the sector's recent volatility.
Applied Optoelectronics stock surged 6% to $128.95 after completing a $600 million at-the-market equity program, which clears known share supply and strengthens its balance sheet. This is the company's third such program this year, aimed at funding e...
Applied Optoelectronics, a provider of optical networking products for AI data centers, completed a $600 million at-the-market equity offering by selling nearly 5.7 million shares at an average price of $105.36. The proceeds will strengthen the compa...
