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CEO Alex Karp described the quarter as \"otherworldly,\" as U.S. commercial revenue rose 149% from a year ago.ON Semiconductor jumped 7.6% after the chip maker's second-quarter earnings beat expectations.The AI trade was making a comeback, with Coherent and Lumentum both up more than 10% and Corning, Marvell, and Micron among the other stocks soaring in premarket trading.BP climbed 1.4% after the British oil major reported a surge in second-quarter profit, just a day after President Donald Trump said big oil companies including Chevron and ExxonMobil were \"making too much money.\"Caterpillar soared 8.3% after the industrial machinery maker smashed Wall Street's second-quarter earnings estimates.Spotify 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Communication Stocks Jump with AXTI, AAOI up 6%; Semtech up 5%; Coherent, Lumentum, Corning, POET up 4%; CRDO up 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1116783629","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1116783629?lang=en_us&edition=fundamental","pubTime":"2026-08-04 16:46","pubTimestamp":1785833204,"startTime":"0","endTime":"0","summary":"Optical Communication stocks jumped in premarket trading. $AXT Inc(AXTI)$, $Applied Optoelectronics(AAOI)$ up 6%; $Semtech(SMTC)$ up 5%; $Coherent(COHR)$, $Lumentum(LITE)$, $Corning(GLW)$, $POET Technologies Inc(POET)$ up 4%; $Credo Technology Group Holding Ltd(CRDO)$ up 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