Corning Climbs 6% as AI Optical Interconnect Demo Highlights Its Fiber; Lumentum, Coherent and Applied Optoelectronics Rise 4%
Optical connectivity stocks, including Corning, rose on Monday after a joint artificial-intelligence interconnect demonstration put fiber and photonics suppliers in the spotlight. Corning climbed 6%, while Lumentum, Coherent, and Applied Optoelectronics rose about 4%.
Why it matters — For Corning watchers, the AI interconnect demonstration underscores growing demand for optical fiber in AI data infrastructure, a key market for Corning's optical communications segment.