US Stock Photos Communications Stocks Downtrend, AAOI Plunges Over 7%

June 9: U.S. optical communications stocks saw broad declines, per Bitget market data. On May 28, the newly launched Pure Photonic ETF (ticker: FOTO) slumped 3.01%. Below are key individual stock moves: - Marvell Technology (MRVL): A stock previously touted by George Huang as the next trillion-dollar market cap firm, it slid 6.69%. - Applied Optoelectronics (AAOI): The maker of high-speed 800G/1.6T optical modules focused on AI data center transceivers, dropped 7.13%. - Lumentum Holdings (LITE): A top supplier of optical communications lasers and modules for AI data centers, fell 3.48%. - Coherent Corp. (COHR): A leader in lasers, optical components, and photonics solutions for data centers and industrial sectors, declined 7.02%. - Ciena Corp. (CIEN): Which produces high-speed SerDes and interconnect chips focused on low-power solutions for AI data centers, slipped 4.61%. - Fabrinet (FN): A leading contract manufacturer of high-end optical modules for multiple industry players, fell 2.95%. - AXT Inc. (AXTI): A supplier of optical chip materials including InP and GaAs substrates critical for AI optical modules, dropped 4.16%. - Nokia (NOK): The telecom equipment giant that’s pushed hard into optical networking and AI data center interconnects (positioning itself as a key player in optical modules and photonics tech), slid 3.63%.