Applied Optoelectronics Surges on Texas Expansion as Lumentum Rises in Sympathy
Shares of Applied Optoelectronics (AAOI) rose 6% after announcing a major expansion in Pearland, Texas to boost production capacity for AI-related optical transceivers. The move has also lifted Lumentum's stock by 5%, as demand from hyperscalers building out AI data centers continues to drive the sector.
Topics: AI optics data centers manufacturing expansion transceivers