On July 1, the U.S. stock market saw a collective decline in the optical communication sector. Corning fell by 10%, Lightwave Logic dropped over 7%, AXT Inc and MaxLinear fell over 6%, while Qorvo and Lumentum declined by over 4%. Coherent, Tower Semiconductor, Astera Labs, and GlobalFoundries each fell by over 3%, and Ciena, POET Technologies, Mavenir, Amphenol, and Fabrinet dropped by over 2%.
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