Odaily Planet Daily report: According to MSX.COM data, the U.S. optical communications sector opened higher, with Marvell Technology rising over 6% to $236 per share, after UBS lowered its target price for Marvell Technology from $340 to $300. Meanwhile, Coherent rose over 4%, and Lumentum increased over 3%.
U.S. optical communication sector rises at open, Marvell Tech surges over 6%
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Summary
The U.S. optical communications sector rose in open interest on August 17, 2026, with Marvell Technology Group (MRVL) surging over 6% to $236 per share. UBS had previously lowered its price target for Marvell from $340 to $300. Coherent and Lumentum also rose by over 4% and 3%, respectively. Altcoins to watch remain under close scrutiny as market momentum builds.
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