The three major U.S. stock indexes opened slightly higher, with optical communication concept stock POET rising over 30%.
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Nvidia rose by 2.5%; Intel fell by 4%, Micron Technology dropped nearly 3%, and SanDisk slid over 4%. Cisco surged over 15%, marking its biggest gain since 2011, with quarterly and annual guidance far exceeding expectations and a significant upward revision in AI-related orders. Optical communication concept stock POET Technologies soared over 30% after the company received a $50 million purchase order from Lumilens.Related articles: The AI boom drives gains in the US stock market, with the three major US stock indices opening slightly higher. Nvidia rose over 2%, Cisco soared 15%, and the bond market came under pressure.
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