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Optical Communication Stocks Tumble on June 23; AXTI Falls 10.1%, FOTO ETF Down 5.45% in U.S. Pre-Market

2026-06-23 08:25:27

According to BlockBeats and Bitget market data, optical communication stocks tumbled in U.S. pre-market trading on June 23. AXTI Inc., a supplier of optical chip materials (InP and GaAs substrates), fell 10.1%, marking the largest decline among major players. Photonics ETF FOTO dropped 5.45%, while other key names also declined: Marvell Technology (MRVL), championed by Nvidia CEO Jensen Huang, fell 8.6%; Lumentum Holdings (LITE), a core supplier of optical modules for AI data centers, fell 6.6%; and Coherent Corp. (COHR), a leading provider of laser and photonic solutions, fell 8.04%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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