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US stock market opens with a broad decline in optical communication concept stocks, MRVL, AAOI, and LITE drop over 6%

US stock market opens with a broad decline in optical communication concept stocks, MRVL, AAOI, and LITE drop over 6%

BlockBeatsBlockBeats2026/06/26 13:44
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BlockBeats news, on June 26, according to Bitget market data, U.S. optical communication concept stocks generally fell at market open, including:


Pure Photonics ETF FOTO fell 5.7%;

Marvell Technology (MRVL), called out by Jensen Huang as the next 1 trillion dollar market cap company, fell 6.1%;

AAOI (Applied Optoelectronics) fell 7.1%;

LITE (Lumentum Holdings) fell 8.86%;

COHR (Coherent Corp.) fell 8.4%;

CIEN (Ciena Corporation) fell 4.75%.

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