US optical communication stocks fell broadly on Monday, with AXT dropping over 8% and multiple others including Applied Optoelectronics, Marvell Technology, and Astera Labs falling over 5%, according to data from MSX.COM.
US optical communication stocks declined across the board on Monday, according to data from MSX.COM. AXT led the losses, falling more than 8%. Applied Optoelectronics, Marvell Technology, and Astera Labs each dropped over 5%. Coherent, Ciena, Lumentum, and POET Technologies fell more than 4%, while Nokia, Corning, Tower Semiconductor, and Fabrinet lost over 3%. Broadcom slipped nearly 2%.
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