Huo Xing Finance reports that on November 5, according to data from the BIT stock platform, at the opening of U.S. trading, the optical communications sector continued to decline: FOTO fell 8.12%; Marvell Technology (MRVL) fell 8.18%; Applied Optoelectronics (AAOI) fell 12.01%; Lumentum (LITE) fell 10.34%; Coherent (COHR) fell 8.12%; Ciena (CIEN) fell 10.85%; Fabrinet (FN) fell 8.45%; AXT (AXTI) fell 14.18%.
U.S. market optical communication sector declines sharply; AAOI, LITE, CIEN, AXTI drop over 10%
MarsBitShare
Summary
On November 5, the U.S. optical communication sector experienced a sharp decline in early trading, with several key players dropping over 10%. AAOI fell 12.01%, LITE declined 10.34%, CIEN lost 10.85%, and AXTI plunged 14.18%. The crypto market remains volatile as investors shift focus to altcoins amid broader market uncertainty. MRVL, COHR, and FN also dropped between 8% and 8.5%, while FOTO fell 8.12%.
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