Electronic Equipment & Parts

TradingKey - On September 23, US quantum computing stocks rose across the board in pre-market trading, with IonQ (IONQ) surging over 12%, Infleqtion (INFQ) gaining more than 6%, Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) both climbing over 5%, Xanadu Quantum Technologies (XNDU) rising over 4%, and Quantum Computing (QUBT) advancing over 3%.

TradingKey - The expansion of AI data centers is driving demand growth for high-speed optical modules, lasers, and optical switching equipment. Lumentum's (LITE) business is more focused on optical communications, while Coherent (COHR) covers industrial lasers and engineered materials in addition to data center connectivity products.

TradingKey - On Monday (September 14) ET, futures on the three major U.S. stock indexes moved lower in pre-market trading. A rare call from the leaders of OpenAI, Anthropic, and xAI to slow the development of frontier AI models sparked market concerns over investment and growth prospects in the AI sector. Meanwhile, a continued surge in oil prices reignited inflationary pressures, weighing broadly on global risk assets.

On September 8, Eastern Time, Verizon (VZ) and Corning (GLW) announced a multi-year, multi-billion-dollar fiber optic supply agreement covering the period from 2027 to 2032. The deal involves over 80 million miles of high-density fiber optic cable to expand U.S. broadband access and build high-density backbone networks to support generative AI computing demands. Following the announcement, Corning's stock price surged over 8% at one point to reach $166.75.

TradingKey - The impact of the AI compute race is spreading from core components such as GPUs and HBM to optical communications and data center interconnects.

TradingKey - APH trades near $163.18 as record orders and AI datacom growth support momentum. Can a break above $164.14 send Amphenol toward $171.95?