On Monday, optical communications stocks advanced in premarket trading. At the time of writing, Applied Optoelectronics (AAOI) had surged more than 24%, Lumentum (LITE) climbed over 6.6%, Coherent (COHR) increased more than 5%, Corning (GLW) rose 0.58%, and Ciena (CIEN) saw slight gains. The movement follows news that NVIDIA (NVDA) has entered into a multi-year strategic agreement with Lumentum. The partnership aims to accelerate innovation in advanced optical technology, laying a technical foundation for the design of next-generation artificial intelligence infrastructure and systems.
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