Shares of Applied Optoelectronics Inc. (AAOI) gained nearly 6% on Tuesday morning after the company secured a new order tied to AI data center expansion.
The stock is currently trading at $101.45, up $5.69 or 5.94%, on the Nasdaq. It opened at $96.36 after closing the previous session at $95.76. The stock has traded between $9.71 and $128.96 over the past 52 weeks.
Applied Optoelectronics said it received a volume order worth more than $53 million from a major hyperscale customer for 800G single-mode data center transceivers, aimed at supporting expanding AI workloads.
The company noted that the order follows a recent 1.6Tb transceiver order from the same customer, highlighting accelerating demand for higher bandwidth infrastructure.
Shipments are expected to begin in the second quarter of 2026 and be completed by mid-third quarter 2026, supporting large-scale GPU cluster deployments.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.