Photonics are not having a fun time.
Laser Companies from:$Lumentum(LITE.US), $SIVE, $Coherent Corp.(COHR.US), $Macom Tech(MTSI.US), $Applied Optoelectronics(AAOI.US) all down.Substrate, Foundries, and Epiwafer from:$IQE, $AXT(AXTI.US), $SOI, $Tower Semicon(TSEM.US) all down. Almost everything is red. From 6% on lower beta like Coherent all the way to to 22%. Good lesson to learn: Embrace the volatility and don't use leverage.If a name can go up 25% in a day, it can also drop 20% today. Macro-driven liquidity vacuums and stop losses cause pretty violent swings. However, if companies like $Lumentum(LITE.US) and $Coherent Corp.(COHR.US) are sold out until 2028... Or if you know $SIVE is coming next for CW lasers at a ~$340M MC and $AXT(AXTI.US) will become a bottleneck for substrates. Crashes like these from Macro are often a way to exchange hands for those who can reposition long.Source: Serenity
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