Applied Optoelectronics Expansion Drives Significant Stock Increase
Applied Optoelectronics (AAOI) has seen a 351% stock increase year-to-date, driven by its expansion and strong demand for its 800G and 1.6T data transceivers. A major customer has upsized its order for 800G transceivers to $124 million, and the company is expanding its manufacturing facilities in Taiwan and Texas.
Tickers: $AAOI
Topics: data transceivers earnings report expansion manufacturing order growth stock performance