Optical Stocks Retrace After Big Gains - Is This a Buying Window?
The optical equipment group that outperformed earlier this year has reversed course sharply. Names including Coherent, Corning, Ciena and Lumentum have moved materially off their 52-week highs after hefty YTD gains driven by AI datacenter fiber demand. Technical indicators are bearish, fair value models still show premium valuations even after the …