Applied Optoelectronics Plunges 13%, Coherent Drops 9%, Lumentum Falls 8%: Has an Optics Valuation Reckoning Begun?

Optical and photonics suppliers are under pressure Tuesday midday, with Applied Optoelectronics (NASDAQ:AAOI) leading the decline at -13% to $149. The move appears sector-driven rather than tied to a specific company announcement, but it signals negative near-term sentiment across the group.

Analysis

Optical and photonics suppliers are under pressure Tuesday midday, with Applied Optoelectronics (NASDAQ:AAOI) leading the decline at -13% to $149. The move appears sector-driven rather than tied to a specific company announcement, but it signals negative near-term sentiment across the group.