Pre-market fiber optics sector surges; AAOI, LITE, COHR up over 10%

iconChainthink
Share
AI summary iconSummary
On-chain data shows the fiber optics sector surged in pre-market U.S. trading on August 4, with key players and ETFs rising sharply. The Pure Photonics ETF (FOTO) climbed 7.85%, Corning (GLW) rose 8.5%, and Marvell Technology (MRVL) gained 7.3%. Applied Optoelectronics (AAOI) jumped 14.12%, Lumentum (LITE) rose 10.7%, and Coherent (COHR) surged 14.2%. The Fear & Greed Index indicates growing investor confidence in the sector.

ChainThink reports that on August 4, prior to the U.S. market open, the optical communications sector strengthened, with several related stocks and ETFs rising.

According to market data, the pure photonics ETF FOTO rose 7.85%, Corning (GLW) increased 8.5%, and Marvell Technology (MRVL) gained 7.3%.

Individually, AAOI (Applied Optoelectronics) rose 14.12%, LITE (Lumentum Holdings) increased 10.7%, COHR (Coherent Corp) gained 14.2%, and CIEN (Ciena Corporation) climbed 8.5%.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.