Applied Optoelectronics’ Monster AI Rally Now Faces a $600 Million Test
Applied Optoelectronics heads into the new week with its stock still up nearly 28% over five sessions, even after a sharp two-day pullback, as investors weigh a new $600 million stock-sale program against a fast-rising order and capacity story. The Nasdaq-listed optical-networking supplier closed Friday at $190.36, down 6.49% on the day, but well above its $148.94 close on May 8. The stock hit $233.67 intraday on Wednesday before giving back ground Thursday and Friday.