Applied Optoelectronics, Lumentum, Coherent Shares Drop as Momentum Traders Take Profits in AI Optical Components Sector
Shares of Applied Optoelectronics (AAOI), Lumentum (LITE), and Coherent (COHR) fell between 6% to 10% on May 18 due to profit-taking by momentum traders following significant gains. The optical components sector, crucial for AI data center infrastructure upgrades from 400G to 800G transceivers, is experiencing a pullback as valuations reach extreme levels.
Topics: AI infrastructure momentum trading optical components profit-taking