Optical / Photonics
Optical components, transceivers, lasers and photonic systems for networks and data centers.
Leadership as of 2026-10-27: Lagging. Relative to SPY: 5 sessions +2.3pp, 21 sessions −13.8pp, 63 sessions −5.5pp. Participation 8%; 12 of 14 members eligible.
- 21-session excess -13.8pp
- 63-session excess -9.1pp (robust)
Economic family: Computing & Data Center Infrastructure
Member companies
- Lumentum Holdings Inc. (LITE)
- Ciena Corporation (CIEN)
- Kopin Corporation (KOPN)
- Viavi Solutions Inc. (VIAV)
- Coherent Corp. (COHR)
- Applied Optoelectronics, Inc. (AAOI)
- Corning Incorporated (GLW)
- IPG Photonics Corporation (IPGP)
- nLIGHT, Inc. (LASR)
- LightPath Technologies, Inc. (LPTH)
- POET Technologies Inc. (POET)
- Fabrinet (FN)
- Clearfield, Inc. (CLFD)
- Syntec Optics Holdings, Inc. (OPTX)
Related themes
- Memory / Storage: Weakening — 21-session vs SPY −14.8pp, participation 25%
- AI Infrastructure: Lagging — 21-session vs SPY −13.8pp, participation 13%
- Data Centers / HPC: Lagging — 21-session vs SPY −27.0pp, participation 6%
- Quantum Computing: Tracked (too few stocks for a leadership state) — 21-session vs SPY −24.4pp, participation 0%
- Neo Clouds: Exposure tag