Why Ciena, Lumentum and other optical stocks were among the market’s biggest losers on Monday

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Artificial intelligence stocks came under pressure Monday, with optical and networking stocks among the leading decliners. Ciena dropped 10%, Lumentum Holdings fell 9.8% and Coherent slipped 7.9%. Among other sector heavyweights, Cisco Systems retreated 2.6%, Corning fell 6% and Lumen Technologies declined 4.3%, while Marvell Technology lost 3.4%. These sharp moves could partly be a reaction to recent cautious commentary on AI infrastructure spending.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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