Applied Optoelectronics deadline puts $94 million cleanroom under AI optics spotlight
Applied Optoelectronics, Inc. dropped 16.3% to $116.35 in early Thursday afternoon trading. Shares hit a low of $115.20 after opening at $135.12. By 12:51 p.m. EDT, volume hit 7.63 million shares. Trading happened during the normal U.S. cash equity session, which runs 9:30 a.m. to 4:00 p.m. Eastern. NYSE calls Friday, July 3, the Independence Day observed holiday. The usual story isn’t just about the selloff. The bigger thing is what investors are now putting up against an old factory plan. Applied Optoelectronics filed an 8-K on Wednesday, announcing a design-build deal with LCC3 Solution Inc. for the OMD 3 cleanroom in Houston. The contract covers everything from design, engineering and procurement to construction, testing, commissioning and closeout.
