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U.S. Optical Communication Stocks Rebound in Pre-Market, Mavenir Technologies Up Nearly 2%

On June 24, U.S. optical communication stocks, which collectively declined yesterday, rebounded in pre-market trading today. Among them, Qorvo, Credo Technology, and GlobalFoundries rose over 3%. Applied Optoelectronics, POET Technologies, Astera Labs, AXT Inc, Nokia, Tower Semiconductor, and Coherent increased by more than 2%. Mavenir Technologies rose nearly 2%, while Corning increased by 1.4%.

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