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
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
September 04, 2026 15:08 ET The job report and foreign trade data were the main economic news from the U.S. in the first week of September. Elsewhere in North America, the Canadian central bank announced its latest policy decision. Inflation data from Eurozone was the highlight in Europe. The latest interest rate decision by the Reserve Bank of New Zealand drew attention in Asia.