Applied Optoelectronics Dives 9% as AI Funding Fears Hit Optical Stocks; Coherent Slides 7%, Lumentum Drops 7%

Warnings from two chip giants about AI funding constraints have sent optical networking stocks into a sharp sector-wide slide, and the smallest supplier in the group faces the steepest drop despite record revenue and a CEO forecasting demand that outpaces capacity through mid-2027.