US Stocks Movement | Optical Communication Concept Stocks Declined; Nokia (NOK.US) Fell Over 9%

智通财经2026/10/22 13:56

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According to Zhitong Finance APP, on Thursday, optical communication concept stocks generally fell. Nokia (NOK.US) dropped more than 9%, Applied Optoelectronics (AAOI.US) and Coherent (COHR.US) both fell over 7%, Lumentum (LITE.US) was down nearly 7%, Credo Technology (CRDO.US), Corning (GLW.US), and Marvell Technology (MRVL.US) all dropped over 5%, and POET Technologies (POET.US) was down more than 2%. In terms of news, on October 22, Nokia released its third-quarter results. Affected by 357 million euros in restructuring and integration costs, reported operating profit fell 22% year-on-year to 196 million euros, and reported operating profit margin dropped from 5.4% to 3.8%. Diluted earnings per share were only 0.03 euros, far below market expectations of 0.10 euros.

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Photonics technology leader Coherent (COHR.US) released its financial results for the first quarter of fiscal year 2027 (ending September 30, 2026) after the US stock market closed on Wednesday. Benefiting from strong demand driven by the transition from copper to optical interconnects in AI data centers, the company achieved record-high quarterly revenue and significantly improved profitability.

智通财经•2026/11/04 22:42

AI optical interconnects are “selling out”: Coherent (COHR.US) Q1 revenue surges 50% to a record high, data center business soars 79%, aiming for $3 billion in single-quarter revenue.

智通财经•2026/11/04 22:41