Applied Optoelectronics (NASDAQ:AAOI) rises as investors look past tech selloff to AI optics capacity clue
Applied Optoelectronics shares rose on Monday as investors bought back into one of the year’s most volatile AI-infrastructure names, even as the broader technology tape weakened. Applied Optoelectronics traded at $174.41, up $12.56, with volume above 10.5 million shares in afternoon dealings. That matters now because the move came on a day when the Nasdaq Composite was down more than 1%, pressured by weakness in megacap technology stocks. Investors are still questioning the cost of hyperscaler infrastructure spending — hyperscalers are the very large cloud companies building AI data centers — but the market is drawing a sharper line between cloud platforms and the component makers that sell into the buildout.