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LITE News30 articles
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.
POET Technologies Surges on AI Optics Demand, Legal Cloud Remains
POET Technologies shares surged 12% to $15.47 on heavy volume, driven by AI optics optimism and a Lumilens deal, but legal risks from a class action suit persist.
Corning Surges 13% on Nvidia AI Optical Link Demand
Corning shares soared 13.4% on heavy volume after Nvidia CEO Jensen Huang emphasized the need for optical interconnects in AI data centers, with Corning's recent deals with Nvidia and Meta making it a key AI infrastructure play.
Coherent Surges on AI Demand and Nvidia Investment
Coherent shares soared 17% to $425.44 after strong Q3 results and renewed AI infrastructure demand, fueled by Nvidia's $2 billion investment.
POET Technologies Surges 17% Amid AI Orders, Lawsuit Deadline, and Marvell Impact
POET Technologies shares jumped 17% on heavy volume as law firms highlighted a June 29 lead-plaintiff deadline in a securities case. The rally follows a $50 million Lumilens order and $400 million financing, but legal and business risks persist.
POET Technologies Faces Headwinds After $400M Raise and Celestial AI Loss
POET Technologies shares dropped 7.3% to $12.29 Friday, capping a 16% weekly decline. The optical chip maker raised $400M but faces lawsuits and lost Celestial AI orders.
POET Technologies Stock Slips Again as $400M AI Optics Plan Faces New Hurdles
POET Technologies shares dropped 7.3% Friday, closing at $12.29 as the company's $400 million AI optics push faces setbacks including canceled orders and a securities class action.
Coherent Stock Slips 6.6% Amid Profit-Taking in AI Optics Sector
Coherent Corp. (COHR) dropped 6.6% to around $352 on Friday, even as the broader market rose, signaling profit-taking in AI optics stocks.
POET Technologies Slips After $400M Financing, AI Hopes Remain
POET Technologies shares dropped 8.6% last week after a $400M financing. The company is betting on AI optical networking, but Q1 revenue was just $503,389.
Sivers Semiconductors Surges 31% Ahead of MSCI Switch and Q1 Results
Sivers Semiconductors shares jumped 31% in a week, fueled by MSCI index inclusion, a $6.6 million defense contract extension, and board nominations, with Q1 results due May 29.
Coherent Stock Nears $378; Key Test After Holiday
Coherent shares ended Friday at $377.57, down 0.1%, underperforming the broader market ahead of Memorial Day. The stock faces a key test Tuesday.
POET Technologies Surges 11% After Closing $400M Offering; Revenue Concerns Persist
POET Technologies shares climbed 11% to $14.55 after closing a $400 million direct offering, bouncing back from an 8% drop on dilution concerns. The company reported Q1 revenue of $503,389 and a net loss of $12.3 million.
Viavi Solutions Plunges on $500M Stock Offering for Debt Reduction
Viavi Solutions shares dropped 7.1% after-hours Tuesday after the company announced a $500 million stock offering to repay debt, potentially adding 10.1 million new shares.
CoStar Leaves Nasdaq-100: What Investors Should Know
CoStar Group will be removed from the Nasdaq-100 index before Monday's open, replaced by Lumentum. The stock rose 2.6% Friday on heavy volume as index funds adjust.
Aeluma Shares Slide 16% After Q3 Loss and Reduced Revenue Outlook
Aeluma shares dropped 16.3% after hours after the company posted a $1.8 million Q3 loss and trimmed its 2026 revenue outlook to $4.2-$4.6 million.
BofA Raises Coherent Target to $400 on AI Optical Demand
BofA increased Coherent's price target to $400, highlighting AI-driven demand for 800G and 1.6T optical transceivers. Revenue jumped 21% to $1.81B. Neutral rating kept.
POET Technologies Stock Rises After Appointing New COO to Lead Manufacturing Scale-Up
POET Technologies shares jumped 2.95% to $14.31 after appointing Sandeep Kumar as COO to lead manufacturing scale-up in Malaysia. The stock outperformed a down market as investors focus on production execution.
Coherent Bounces Back as AI Data Center Demand Drives Capacity Expansion
Coherent shares rebounded 5.03% to $335.26 on Friday, recovering from a post-earnings slide, as AI data-center demand and a $2 billion Nvidia deal drive capacity expansion.
Coherent Stock Jumps on AI Demand, Margin Challenges Linger
Coherent Corp shares gained 5.03% to $335.26 after forecasting Q4 revenue above estimates, driven by AI data-center demand. Margin improvements and supply constraints remain key challenges.
AAOI Stock Dips 10% After Q1 Revenue Miss, Despite AI Optics Demand Surge
Applied Optoelectronics (AAOI) shares dropped over 10% after Q1 revenue and Q2 guidance missed Wall Street estimates, despite a 51% revenue surge and doubled data-center sales. The company begins volume shipments of 800G products.
Lumentum's AI Sales Surge 90% but Stock Falls on Revenue Miss
Lumentum's fiscal Q3 revenue surged 90% year over year to $808.4M, driven by AI demand, but the stock dropped 5% on a slight revenue miss and supply bottlenecks.
Coherent Stock Dips Despite Strong AI-Driven Q3 Results
Coherent Corp. shares dropped 6% after hours despite beating Q3 revenue estimates at $1.81B, driven by AI infrastructure demand. Wall Street focused on weak cash flow and margin misses.
Lumentum Shares Surge as Analysts Boost Targets Ahead of Earnings
Lumentum shares rose 4% to $1,016 as analysts raised price targets ahead of fiscal Q3 earnings, with the stock up 1,444% over the past year.
Sivers Semiconductors Surges 47% on Nasdaq Dual-Listing Progress and AI Photonics Bet
Sivers Semiconductors shares surged 47% to SEK 55.95, extending 2024 gains past 1,200%, as the company progresses toward a Nasdaq New York dual listing and a SEK 125 million share issue.
Coherent CFO Sells Shares Ahead of Q3 Results; Nvidia Deal in Focus
Coherent Corp CFO Sherri Luther sold 2,000 shares for $702,000 on April 22, ahead of the company's fiscal Q3 results due May 6. The sale follows Nvidia's $2 billion investment in March.
Lumentum Shares Surge as Analysts Boost Targets on Nvidia AI Optics Deal
Lumentum Holdings Inc. shares advanced after JPMorgan and Mizuho Securities increased their price targets, citing strong AI-driven optics demand following a major strategic investment and supply agreement with Nvidia.