Applied Optoelectronics Jumps 7%, Lumentum Climbs 5%, Coherent Rises 2% as Optics Stocks Ride the AI Boom Quick Read – AAOI has surged 367% year to date while LITE posted record $808 million in revenue, both fueled by explosive AI datacenter demand. – NVDA invested $2 billion in…
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Optical-networking stocks are catching a bid in midday trading on Wednesday, with the group rallying together as the AI infrastructure trade reasserts itself. Applied Optoelectronics (NASDAQ:AAOI) stock is leading the pack, up 7% to $174, while Lumentum (NASDAQ:LITE) shares are up 5% to $859 and Coherent (NYSE:COHR) stock is trading 2% higher near $363. The move comes after a choppy stretch for the group.
All three names had pulled back sharply over the prior several sessions before today’s bounce, so investors are watching whether buyers can defend recent levels. What’s striking is the underlying trend behind today’s intraday gains. AAOI is up 416% year to date, while LITE has gained 139% year to date and COHR has climbed 101% year to date.