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Lumentum (NASDAQ:LITE), the San Jose, California maker of optical and photonic chips, modules and lasers that was spun off from JDS Uniphase in 2015, closed Thursday at $1,045.78, up 7.67%. It rallied alongside Coherent (NYSE:COHR) after reports that Washington may restrict Chinese-made optical transceivers, …
Lam Research (NASDAQ:LRCX), the Fremont, California maker of the wafer fabrication equipment used to deposit, etch and clean the layers of advanced logic and memory chips, finished Thursday at $340.10, up 3.53%. The stock rose as Micron (NASDAQ:MU) posted record fiscal fourth-quarter results that …
Accenture (NYSE:ACN) is rallying hard in Thursday's session after a fiscal fourth-quarter report that undercut the worst fears about artificial intelligence and consulting demand. The stock had fallen roughly 32% this year before the results, and a jump to $214.87 recovers a meaningful slice …
Applied Optoelectronics (NASDAQ:AAOI), the Sugar Land, Texas maker of optical modules, lasers and transceivers for data centers, cable television and fiber-to-the-home networks, is bouncing sharply in Thursday's session after a choppy stretch. Micron's (NASDAQ:MU) AI-driven guidance and easing Treasury yields pulled investors back into …
Asana (NYSE:ASAN), the San Francisco work management software company founded by Dustin Moskovitz and Justin Rosenstein in 2008, is climbing in Thursday's session as application software names rise broadly, including Guidewire Software (NYSE:GWRE). The shares added roughly 4.4% in the prior session on resilient …
AEVEX (NYSE:AVEX), the Solana Beach, California defense technology company that designs and supports autonomous and uncrewed systems for national security customers, is sliding in Thursday's session as a wave of law-firm notices highlights a pending securities class action. The shares are down 5.92% at …
Broadcom (NASDAQ:AVGO) is edging lower in Thursday's session after Anthropic's IPO filing disclosed that the chipmaker agreed to provide up to $42 billion in financing. TheFacilitycould convert into AnthropicEquityand ties to roughly one-third of Anthropic's $125.2 billion, five-year commitment toLeasetensor processing unit capacity.
Ciena (NYSE:CIEN), the Hanover, Maryland supplier of high-speed optical networking systems and software to carriers, cloud providers and enterprises, is rallying in Thursday's session with no new announcement of its own. A week of bullish research on AI networking appears to be driving a …
Concentrix (NASDAQ:CNXC), the Newark, California provider of customer experience services spun off from SYNNEX in 2020, is rebounding sharply in Thursday's session after sliding on itsEarningsreport. IT services names rallied as Accenture's (NYSE:ACN) stronger-than-expected results eased fears over client spending and AI disruption.
Coherent (NYSE:COHR), the Saxonburg, Pennsylvania maker of lasers, transceivers and compound-semiconductor materials formed by the 2022Mergerof II-VI and the original Coherent, is surging in Thursday's session. Lumentum (NASDAQ:LITE) rose about 9% on the same reports, so the move is spread across the optical group.
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