U.S. Optical Communication Stocks Drop Pre-Market, Mavenir Technologies Falls Over 8%

On June 23, optical communication stocks in the U.S. market collectively declined in pre-market trading. Among them, Tower Semiconductor and AXT Inc fell over 10%, while MaxLinear, Mavenir Technologies, Coherent, and Credo Technology dropped over 8%. Astera Labs, Corning, Nokia, GlobalFoundries, and Lightwave Logic fell over 7%, and Lumentum decreased by more than 6%.