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14:39
US Stock Photos Communications Stocks Downtrend, AAOI Plunges Over 7%
BlockBeats News, June 9th. According to Bitget market data, US optical communication stocks experienced a general decline. On May 28th, the newly listed FOTO ETF (Pure Photonic ETF) dropped by 3.01%. Among individual optical module stocks: George Huang's recommended stock, Marvell Technology (MRVL), fell by 6.69%. Huang had previously touted it as the next trillion-dollar market cap company; AAOI (Applied Optoelectronics) dropped by 7.13%. The company is a manufacturer of high-speed optical modules (800G/1.6T) focusing on AI data center transceivers; LITE (Lumentum Holdings) declined by 3.48%. The company is a key supplier of optical communication lasers and modules, serving as a major supplier to AI data centers; COHR (Coherent Corp.) fell by 7.02%. The company is a leader in lasers, optical components, and photonics solutions, with a presence in data centers and industrial sectors; CIEN (Ciena Corporation) dropped by 4.61%. The company produces high-speed SerDes and interconnect chips, focusing on low-power interconnects for AI data centers; FN (Fabrinet) fell by 2.95%. The company is a leading high-end optical module contract manufacturer, providing manufacturing services to multiple optical module companies; AXTI (AXT Inc.) declined by 4.16%. The company is a supplier of optical chip materials (InP, GaAs substrates), offering key raw materials for AI optical modules; NOK (Nokia) dropped by 3.63%. As a telecom equipment giant, Nokia has recently made significant efforts in optical networking and AI data center interconnects, positioning itself as a key player in optical modules and photonics concepts.
14:18
Saudi Media: White House Officials Report Positive Progress in Nuclear Negotiations
On June 9, according to Saudi Arabian television citing a White House official, negotiations regarding an agreement to prevent Iran from acquiring nuclear weapons are making positive progress. Spot gold briefly surged over $30, while both U.S. and Brent crude oil prices declined.
14:08
APLD Surges Over 12% After Signing $5.2 Billion Data Center Lease Agreement
On June 9, according to Bitget market data, Applied Digital (APLD.O) surged over 12%, currently trading at $44.86, following the company's signing of a $5.2 billion artificial intelligence data center lease agreement.
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