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LITE News30 articles
AXTI Surges 9.7% to $61.64, Yet Valuation Hits 21x Sales
AXT Inc. (AXTI) shares surged 9.7% to $61.64, valuing the company at $4.04 billion, or 21.2x annualized Q2 sales. But 42.5% of net income came from interest, not operations.
Applied Optoelectronics Shares Tumble 12% on $600M ATM Offering
AAOI shares dropped 12% premarket after the company unveiled a $600M ATM equity offering, erasing $1.29B in market value and raising dilution concerns.
Lumentum Stock Slides on Capacity Concerns Despite Strong AI Demand
Lumentum shares dropped 3.9% as investors focus on capacity challenges despite a 24% revenue growth forecast and strong AI-driven demand.
Nokia ADRs Rally 17.9% in Four Sessions on AI Order Surge
Nokia ADRs surged 17.9% over four sessions to $10.76, driven by AI/cloud orders reaching 6.3x quarterly sales. Strong optical outlook from Lumentum fuels rally.
Coherent Stock Drops 8% as AI Optics Expansion Strains Cash Flow
Coherent's stock dropped 8% post-earnings even with record revenue, as a massive capex push for AI optics caused operating cash flow to tumble 87% to $79.5M.
Nokia Stock Jumps 9% on AI Optical Demand Surge
Nokia ADRs jumped 9.2% after Lumentum's bullish outlook highlighted surging AI optical demand, adding $5B to market value. Order book stands at €2.8B.
Coherent Stock Slides 7% After AI-Optics Rally Fades
Coherent (COHR) shares reversed sharply in after-hours trading, erasing an 8% rally despite a solid earnings beat, as investors seek faster margin expansion.
Lumentum Stock Holds Steady Ahead of Q4 Report as AI Margin Test Looms
Lumentum shares were stable ahead of its fiscal Q4 report, with options implying a 13% swing. The focus is on margin expansion as revenue approaches $1 billion.
CoreWeave Stock Surges 26% as Earnings Test Looms
CoreWeave (NASDAQ:CRWV) shares jump 26% this week as investors await Q2 earnings. The company faces margin pressure and high leverage, with options pricing a 13% move.
Coherent Soars 41% on Week as U.S. Weighs China Optics Ban
Coherent (COHR) surged 40.7% this week following a U.S. draft proposal to curb Chinese optical transceiver imports, with earnings due Aug 12.
Applied Optoelectronics Soars 14% on Record Q2 Revenue, Capacity Expansion
Applied Optoelectronics (AAOI) surged 14% premarket after Q2 revenue hit a record $191.9M, up 86% YoY, driven by strong demand for 800G and 1.6T optical products.
POET Technologies Surges on Strong Balance Sheet, But Revenue Remains Key Test
POET Technologies shares rose 7% premarket after a cash boost. With a strong balance sheet, the focus shifts to converting orders into revenue.
Applied Optoelectronics Q2 Revenue Jumps 86%, But Stock Wavers on Dilution and Margin Concerns
Applied Optoelectronics reported Q2 revenue up 86% to $191.9M, but diluted share count rose 42%, pressuring per-share metrics. Q3 guidance beat on revenue but disappointed on EPS.
Dow Tops 54,000 as AI Boom Broadens to Industrial Sector
The Dow rose 1.6% to surpass 54,000, driven by AI investment spreading to industrials. Chip stocks rallied, while factory orders showed mixed signals.
Coherent Stock Jumps 12% on Report of Possible US Ban on Chinese Optics
Coherent (COHR) shares jumped 12.4% after reports of a proposed US ban on Chinese optical transceivers, boosting market value by $7B. The move highlights potential reshoring of AI optics supply.
Marvell Stock Jumps 11% on AI Memory Expansion, Optics Rally
Marvell (MRVL) shares rose 11% after unveiling new AI-memory products, boosting market value by $19.9B. The rally also lifted optics peers on reports of possible US restrictions on Chinese transceivers.
AI Infrastructure Stocks Lead Futures Higher as Earnings Beat Rates Soar
U.S. stock futures advanced as AI infrastructure plays outperformed, with Palantir, Onsemi, and Caterpillar leading premarket gains. Earnings beat rates remain strong.
Applied Optoelectronics Surges 23% on AI Optics Demand
AAOI stock jumped 23% since Friday, adding $1.77B in market value ahead of Q2 earnings. Optical sector rallies on AI infrastructure demand.
AXT Soars 27% on Record InP Sales and Margin Surge
AXT (NASDAQ:AXTI) shares surged 27% in premarket trading after the company reported record indium phosphide sales, driving gross margin to 44.9% and Q3 guidance well above consensus.
AXT Soars on AI Wafer Demand, Strong Margins and Guidance
AXT stock jumped 57% after a Q2 beat and strong Q3 guidance, fueled by AI-driven demand for indium-phosphide wafers and robust margin expansion.
Corning Shares Plunge 17% as Q3 Guidance Misses Estimates
Corning shares fell 17% in premarket trading after Q3 guidance missed estimates, overshadowing a strong Q2 beat. The annualized sales pace of $19.8 billion is 1% below the 2026 target.
Corning's $86B Market Cap Erased Since June Peak Amid Valuation Reset
Corning (GLW) shares have dropped 36.7% from their June high, losing about $86 billion in market value. The decline is driven by a valuation reset as 2027 EPS estimates rise.
nLIGHT Soars on $627M Laser Weapon Contract Ceiling
nLIGHT shares surged 28% on a defense contract worth up to $627 million, signaling a strategic pivot from industrial lasers to directed energy systems.
Nokia stock tests €10 support as AI trade faces earnings scrutiny
Nokia shares slip 2.4% toward €10 as the AI trade runs into earnings season, with investors demanding proof of revenue conversion from data center deals.
Applied Optoelectronics Shares Slide 13% on $94M Cleanroom Cash Outlay
Applied Optoelectronics shares tumbled nearly 13% after a filing revealed a $94.1 million cleanroom contract, representing about 21% of its cash and restricted cash as of March 31.
Coherent Surges 9% on AI Optics Demand, CHIPS Act Signals Indium Phosphide Boost
Coherent shares rose 9.2% to $425.38 on a CHIPS Act letter for up to $50M to expand indium phosphide capacity in Texas, highlighting AI data center supply chain concerns amid China's export checks.
Lumentum Rides AI Optical Demand to 6% Gain Despite Nasdaq Weakness
Lumentum shares surged 6.1% to $901.89, driven by a $400M+ optical circuit switch backlog and underappreciated co-packaged optics attach-rate upside, as AI infrastructure stocks attracted buyers.
Corning Rallies 10% on AI Data Center Fiber Deals
Corning stock jumped 10.3% to $193.45 on AI data center fiber deals with Amazon and Nvidia. Q1 core sales rose 18% to $4.35 billion, but valuation risks remain.
Lumentum Stock Tumbles as AI Tech Rally Pauses
Lumentum shares dropped 7.27% intraday on Tuesday, giving back some of the recent AI optics rally gains, with no company-specific news driving the move.
Ciena Stock Dips Despite Earnings Beat as AI Euphoria Fades
Ciena shares fell 9.5% premarket despite beating Q2 estimates and raising guidance, as AI-driven demand concerns and customer concentration weigh on sentiment.