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Stock impact report

Applied Optoelectronics (AAOI) Hits All-Time High Amid Double-Digit Gain [Yahoo! Finance]

Applied Optoelectronics, Inc. (AAOI) 
Last applied optoelectronics, inc. earnings: 2/27 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ao-inc.com/investor-relations
Company Research Source: Yahoo! Finance
Applied Optoelectronics surged to a new all-time high on Wednesday, as the stock mirrored the rally in the broader market alongside developments in the artificial intelligence sector. In intra-day trading, the stock climbed to its highest level of $134.49 before paring gains to finish the day just up by 12.80 percent at $132.70 apiece. Applied Optoelectronics Photo from Applied Optoelectronics website Wednesday also marked its fifth consecutive day of gains, helped by news earlier this month of strong demand for its next-generation transceivers, following a major customer's upsized order for the 800G variant. According to Applied Optoelectronics Inc. (NASDAQ:AAOI), the customer, which it refused to identify, hiked its 800G orders to $124 million from $53 million, more than doubling its existing backlog for the latter. “This increased order for our 800G transceivers reflects both the customer's confidence in AOI and the growing demand for 800G optics,” Applied Optoelectron Show less Read more
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