Acacia Communications leading optical stocks higher after President Trump indicated openness to working with Chinese telco hardware maker ZTE; NXP (NXPI) surges on better outlook for Chinese approval of acquisition by Qualcomm
- Optical stocks higher premarket after President Trump indicated openness to resolving issues Chinese telco hardware maker ZTE.
- On April 16, the group fell after the US outlawed doing business with Chinese telco equipment firm ZTE.
- ACIA(ZTE accounted for 30% of revenue in 2017) +18.08% OCLR+7.35% IPHI+5.99%LITE+5.47% NPTN+4.81% FNSR+4.48% FN+4.20% AAOI+2.99% MTSI+2.81% VIAV+1.94% ADTN+0.33% IIVI
- On a related note, easing economic tensions between China and the US seems to indicate better odds that Qualcomm (QCOM+2.5%) will get approval to acquire NXP Semi (NXPI+10%)
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