Huo Xing Finance reports that on June 9, according to market data, U.S. listed optical communication stocks generally declined. FOTO (Pure Photonics ETF), which debuted on May 28, fell 3.01%. Among individual optical module stocks: Marvell Technology (MRVL), endorsed by Jensen Huang, dropped 6.69%; Huang previously called it a potential $1 trillion market cap company. AAOI (Applied Optoelectronics) fell 7.13%; the company is a manufacturer of high-speed optical modules (800G/1.6T) focused on AI data center transceivers. LITE (Lumentum Holdings) declined 3.48%; it is a core supplier of optical communication lasers and modules, serving major AI data center vendors. COHR (Coherent Corp.) dropped 7.02%; it is a leader in lasers, optical components, and photonic solutions, serving both data center and industrial markets. CIEN (Ciena Corporation) fell 4.61%; the company produces high-speed SerDes and connectivity chips, specializing in low-power interconnects for AI data centers. FN (Fabrinet) declined 2.95%; it is a leading contract manufacturer and assembler of high-end optical modules, providing manufacturing services to multiple optical module companies. AXTI (AXT Inc.) fell 4.16%; it is a supplier of optical chip materials (InP and GaAs substrates), providing critical raw materials for AI optical modules. NOK (Nokia) dropped 3.63%; as a telecommunications equipment giant, Nokia has aggressively expanded into optical networking and AI data center interconnects, making it a key player in the optical module and photonics space.
U.S. Photonics Stocks Decline, AAOI Drops More Than 7%
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Summary
On-chain data shows a broad decline in U.S. photonics and optical communication stocks on June 9, 2026. AAOI fell 7.13%, while FOTO dropped 3.01%. On-chain analysis reveals MRVL down 6.69%, LITE down 3.48%, COHR down 7.02%, CIEN down 4.61%, FN down 2.95%, AXTI down 4.16%, and NOK down 3.63%.
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