StocksMedium•11 November 2026•
1 min read
Optical Stocks Rally Led by Applied Optoelectronics Following CoreWeave Results
Key Facts
1Applied Optoelectronics shares surged 12% following strong Q3 results from CoreWeave.
2Lumentum shares jumped 11% and Coherent climbed 7% as investors returned to the optical sector.
3CoreWeave beat expectations and raised its 2026 guidance, boosting optimism in the AI trade.
Applied Optoelectronics shares surged 12% following strong third-quarter results from CoreWeave. According to 24/7 Wall St., CoreWeave beat market expectations and raised its 2026 guidance, which boosted optimism across the AI trade. The rally extended to other optical sector players, with Lumentum shares jumping 11% and Coherent climbing 7% as investors returned to the industry.
AAOI closed at $48.32 on November 10, 2026, while CRWV ended the same session at $48.73. On that date, LITE closed at $585.57 and COHR finished at $214.66. This recovery in optical component makers marks a shift in sentiment for companies providing optical transceivers to data centers, reversing a recent period of selling pressure in the sector.