Lumentum, Coherent, Applied Optoelectronics surge on strong optical demand momentum tied to AI (LITE:NASDAQ)
Shares of Applied Optoelectronics (AAOI), Lumentum (LITE), and Coherent (COHR) saw significant gains in premarket trading. This surge is attributed to the companies emphasizing strong optical demand and providing updates at the Optical Fiber Communications Conference, driven by growing demand for AI-related technologies.
https://seekingalpha.com/news/4565713-lumentum-coherent-applied-optoelectronics-surge-on-strong-optical-demand-momentum-tied-to-ai