Anthropic IPO combined with positive AI supply news, LITE and AAOI once surged over 10%.

October 27 - On October 26 US Eastern Time, StoneX initiated coverage on Lumentum (LITE) with a "Buy" rating and a $1,200 price target. The institution is bullish on the company's supply position in high-speed indium phosphide lasers, optical transceivers, and optical switching, and cited management as saying that AI-related optoelectronic capacity has been largely booked through early 2029.

According to TradingBeats monitoring, as of press time, LITE and AAOI perpetual contracts on Hyperliquid rose 9.53% and 9.91% respectively in the past 24 hours, with intraday gains at one point exceeding 10% for both. Based on the period before the public rating report was released at 18:19 last night, the two subsequently rose about 8.16% and 7.90% respectively.

Among them, LITE is at $823.43, with about $8.52 million in 24-hour trading volume and a funding rate of about +0.000625%; after the rating news was released, open interest (OI) fell from about $7.47 million to $5.83 million, a decrease of 21.97%.

AAOI is at $72.401, with about $5.47 million in 24-hour trading volume, and AAOI is about −0.00221%; during the same period, OI fell from about $5.58 million to $3.65 million, a decrease of 34.61%.

Price increases occurred alongside a contraction in positions, and two large accounts collectively took profits of about $2.61 million on LITE and AAOI long positions after the news was released, with one of them having fully closed both positions (0x8afac, 0x3bcae).