Changes in US stocks | Optical Communications concept stocks generally rose, Lumentum (LITE.US) rose more than 8%

The Zhitong Finance App learned that on Friday, optical communication concept stocks generally rose, Applied Optoelectronics (AAOI.US) surged more than 10%, Coherent (COHR.US) rose more than 9%, Lumentum (LITE.US) rose more than 8%, Corning (GLW.US) rose nearly 4%, Nokia (NOK.US) rose more than 2%, and Credo Technology (CRDO.US) rose more than 1%.

According to the news, Lumentum CEO Michael Hurlston said in an interview in Tokyo, Japan, that some products will still be unable to meet about 70% of demand until next year, while others will still be unable to meet 30% of demand by 2028. In April of this year, Hurlston stated that it is expected that within two quarters, production capacity will be fully booked for 2028.