Applied Optoelectronics Rips 24%, Lumentum Jumps 17%, Coherent Rallies 13% as Optics Trade Catches Fire Quick Read – Applied Optoelectronics (AAOI) stock surged on strong Q1 FY26 earnings indicating 51% YoY revenue growth driven by 800G transceiver demand for AI data centers. -…
mentum (LITE) stock climbed as the company’s fiscal Q3 guidance projects 85%+ YoY growth, extending a historic rally in optical networking components. – Coherent (COHR) stock rallied on datacenter segment strength, NVIDIA (NVDA) partnership expansion, and S&P 500 inclusion fueling AI capex momentum. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Applied Optoelectronics wasn’t one of them. Get them here FREE
The optical-networking complex is ripping higher at midday Monday, with all three of the group’s marquee names posting double-digit gains. Applied Optoelectronics (NASDAQ:AAOI) is leading the basket, up 24% to $184.51, while Lumentum (NASDAQ:LITE) trades 17% higher near $1,057. Coherent (NYSE:COHR) rounds out the trio, up 13% to roughly $377.60.
The rally is essentially a mirror image of last Thursday’s sector-wide pullback, when AAOI, LITE, and COHR shares fell sharply in unison. Today’s bid reflects renewed enthusiasm for AI data center capex and the optical connectivity layer that links hyperscale GPU clusters. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Applied Optoelectronics wasn’t one of them.