US Stocks Movement | Optical Communication Concept Stocks Generally Rise, Astera Labs Up Nearly 11%
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```htmlGolden Ten Data May 20|Optical communication concept stocks are generally rising. Astera Labs rose nearly 11%, POET Technologies increased by more than 9%, Ciena and Corning were up more than 2%, Coherent rose 1.8%, and Fabrinet rose more than 1%. On the news side, AI data center interconnect giant Astera Labs previously announced strong first quarter results, with revenue of $308.4 million, up 14% quarter-on-quarter and 93% year-on-year. Royal Bank of Canada maintained its "outperform" rating and raised its target price to $250, expecting the company to benefit from the deployment of Amazon Trainium3.```
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