BUZZ-US photonics firms jump after report US drafting ban on Chinese data center products
XLK•Possible FCC changes remain
However, the move could still be modified or shelved by the U.S. FCC.
Applied Optoelectronics, Lumentum and Coherent climb
Shares of Applied Optoelectronics (AAOI.O) jumped 17.5%; the company provides fiber-optic networking products.
Makers of optical-technology — critical for transmitting vast amounts of data at high speeds between servers — Lumentum (LITE.O) and Coherent (COHR.N) gained 11.8% and 17.5%, respectively.
Both LITE and COHR have a $2 bln investment from AI bellwether Nvidia (NVDA.O).
Photonic firms rise after report on possible U.S. ban
Shares of U.S. photonics firms gained in premarket trading after Reuters reported the U.S. was drafting a ban on Chinese data center devices.
The ban would curb U.S. imports of new models of Chinese data center components, an attempt to limit Chinese tech into U.S. industries.
