Movement Alert｜Fabrinet Rises 5.1% in Regular Trading, Optical Communication Sector Rebounds After Two-Day Selloff

Market Focus

Sep 16

On September 16, Fabrinet rose 5.1% in regular trading, trading at $394.02/share, with turnover of approximately $42.85 million. The rebound follows a steep two-day decline of over 12% on September 14-15, which was triggered by reports that major AI companies collectively called for slowing AI development pace and OpenAI's announcement that it would not pursue an IPO this year, sparking broad concerns over AI supply chain capital expenditure deceleration.

The optical communication sector staged a recovery on September 16, with Coherent and Lumentum rising over 2% in pre-market trading as market sentiment stabilized around sustained AI data center interconnect demand. Within the Electronic Manufacturing Services sector, stocks were broadly stronger, with TTM Technologies up 3.18%, Flex Ltd up 2.99%, Jabil Circuit up 2.72%, Celestica up 2.44%, and TE Connectivity up 1.05%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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