US telecom stocks continued their upward trend, with Marvell Technology and Lumentum rising over 4%

Odaily News: According to MSX.COM data, the US optical communications sector continued its upward trend, with Marvell Technology and Lumentum gaining over 4%, while Coherent and Credo rose more than 2%.

Meta gained over 1% after the company released a lightweight AI model that can run on a single graphics card. Intel fell over 3% following its announcement of a proposed $15 billion common stock offering plan.