US optical communication concept stocks fell across the board, with AXT falling more than 8%

According to MSX.COM data, all US optical communication concept stocks fell, with AXT falling more than 8%, Applied Optoelectronics, Maiwell Technologies, and Astera Labs falling more than 5%, Coherent, Ciena, Lumentum, and POET Technologies falling more than 4%, Nokia, Corning, Tower Semiconductors, and Fabrinet falling more than 3%, and Broadcom falling nearly 2%.