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6 stories mentioning OPTXUpdated 1d ago

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Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks gained late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.8% and the State Street SPDR S&P Semiconductor ETF (XSD) up 3.6%.The Philadelphia Semiconductor index added 4.4%.In corporate news, Alphabet's (GOOGL) Google said Monday its new Googlebook laptop is available for pre-orders. The laptop is designed for Gemini Intelligence and engineered to work with Android phones, it said. Alphabet shares rose 1.9%.Priority Technology (PRTH) shares surged 33% after the firm agreed to be acquired by an investor group led by its CEO Thomas Priore in an all-cash deal for an enterprise value of about $1.6 billion.Amazon.com (AMZN) blocked Meta's (META) Muse AI agent from its retail site, Bloomberg reported, citing Amazon spokesperson Lara Hendrickson. Amazon shares rose 2%, and Meta gained past 12%.Syntec Optics (OPTX) shares rose past 15% after the company said it has secured a "monumental" order to enable US Space Force infrastructure and advanced reconnaissance operations.

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Sectors

Sector Update: Tech

Tech stocks jumped late Monday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.8% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 3.6%.The Philadelphia Semiconductor index added 4.4%.In corporate news, Syntec Optics (OPTX) shares rose 16% after the company won an order to support US Space Force infrastructure and reconnaissance operations by building optics for government satellite constellations designed to protect the country.

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Wire

Update: Syntec Optics Shares Jump After Space Force Order

(Updates with recent stock movement in the headline and the first paragraph.)Syntec Optics (OPTX) shares jumped more than 20% in Monday trading after the company said it obtained an order to support US Space Force infrastructure and reconnaissance operations by building optics for government satellite constellations designed to protect the country.Financial details of the order weren't provided.The company is starting to establish a financial projection for space product lines in more than $100 million in backlog as the Space Force continues to expand the network of low-flying satellites through the rest of 2020s, Chief Financial Officer Dean Rudy said in a statement.Price: $8.18, Change: $+1.39, Percent Change: +20.44%

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Wire

Syntec Optics Receives Fusion Reactor-Related Orders; Shares Rise

Syntec Optics (OPTX) said Monday it has received new orders for fusion reactor optics worth seven times the amount it received late last year.Financial details were not disclosed.Syntec said it will produce the optics for fusion reactions that will power AI data centers.Since entering the market over the past two years, Syntec said it has secured $4 million in orders for data-center products, adding that it is dedicating 5% of its factory capacity to AI data center optics to support long-term growth.Syntec shares rose more than 5% in Monday trading.Price: $6.92, Change: $+0.39, Percent Change: +5.97%

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Wire

Syntec Optics Says Space Optics Output Quadrupled in March

Syntec Optics (OPTX) said Monday it quadrupled monthly production of its space optics products in March from a year earlier.The company said it scaled operations using its efficiency framework to meet demand for satellite optics, while continuing to advance its defense technology programs. Syntec also said it has been shipping an antenna stabilization mechanism as part of its expanding space portfolio.By the end of Q1, the company had shipped nearly 50% of its 2025 total space product sales volume, nearly doubling throughput.Price: $8.48, Change: $-0.15, Percent Change: -1.68%

$OPTX
Wire

Syntec Optics Holdings Receives Nearly $2 Million Order for AI-Powered Micro Cameras

Syntec Optics Holdings (OPTX) said Tuesday it received a nearly $2 million expansion order for integrated micro cameras used in next-generation artificial intelligence-enabled augmented reality systems for US warfighters.The company said the current order is for initial deployment and is expected to serve as the foundation for significant recurring annual orders throughout the decade.Price: $10.01, Change: $+0.26, Percent Change: +2.62%

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