SUGAR LAND, Texas, August 24, 2026, 17:47 CDT - Applied Optoelectronics stock slid 13.8% after the company revealed it will need to issue 20% more shares to support its $600 million at-the-market offering.
NASDAQ: AAOI · Company dashboard
Market snapshot: August 24, 2026, 18:44 EDT. Regular-session prices are official 16:00 EDT closes; after-hours figures are separately labelled. Fundamentals use the latest reported quarter or trailing period.
Cash close
$107.63
Aug. 24, 16:00 EDT
Daily move
−13.77%
−$17.19 per share
After hours
$108.18
+0.51%, 18:44 EDT
Volume
14.99M
Aug. 24 cash session
Market cap
$9.14B
At Aug. 24 close
Forward P/E
46.8×
S&P Global snapshot
Regular-session closes, August 17–24, 2026. The final gap followed the August 21 ATM filing.
| Revenue, Q2 2026 | $191.9M | +86% YoY |
| GAAP net income, Q2 | −$22.8M | Loss |
| Adjusted net income, Q2 | $5.5M | Positive |
| Cash + restricted cash, Jun. 30 | $508.8M | Reported |
| Revenue, trailing 12 months | $596.0M | Aug. 24 snapshot |
| Net income, trailing 12 months | −$57.0M | Loss |
Company Q3 guidance was issued August 6, 2026. Full-year revenue and free-cash-flow estimates were last updated August 19, 2026.
| Company | Close | Day | Forward P/E | Market cap |
|---|---|---|---|---|
| AAOI | $107.63 | −13.77% | 46.8× | $9.14B |
| LITE | $830.17 | −4.22% | 38.4× | $74.47B |
| COHR | $275.49 | −4.85% | 29.3× | $53.95B |
| GLW | $145.55 | −2.86% | 40.5× | $125.38B |
AAOI underperformed the three-peer average decline of 3.98% by 9.79 percentage points.
| Firm | View | Target |
|---|---|---|
| Rosenblatt | Buy | $220 |
| Needham | Buy | $190 |
| Raymond James | Outperform | $178 |
| Northland | Market Perform | $120 |
| B. Riley | Neutral | $109 |
Six-analyst consensus: Buy. Average target: $163.40, or 51.8% above the August 24 close. The listed calls date from August 7–19.
Market data through Aug. 24, 2026, 17:55 EDT · U.S. after-hours trading
Close series: $0.46, $0.84, $1.47, $1.14 and $1.74. After-hours: $2.25 at 17:55 EDT.
Core gap: the update gives capacity and timing, but no machine count, bitcoin output, power cost, revenue or margin forecast.
| Metric | Reading | Investor meaning |
|---|---|---|
| Georgia power | 10 MW | Physical scale |
| Theoretical compute | 900 PH/s | Not realised output |
| 2025 revenue | $14.04M | +20.3% year/year |
| 2025 net loss | -$9.06M | Funding remains central |
| Free cash flow | -$13.78M | Latest reported 12 months |
| Shares outstanding | 11.80M | +172% year/year |
| Market cap | $20.53M |
|---|---|
| Price / sales | 1.83× |
| Cash + short investments | $3.74M |
| Net cash | $1.24M |
| Named analyst consensus | Not available |
| Short interest | 18.7% of shares |
Valuation and balance-sheet readings use latest reported financials; market cap reflects the Aug. 24 close.
Power connection and initial machine deployment within management's roughly two-month window.
Fast energisation converts owned U.S. infrastructure into mining output and supports the AI-compute pivot.
Capital needs, dilution, grid delays or weaker crypto economics overwhelm the headline capacity.
| Metric | Latest | Context |
|---|---|---|
| Q2 revenue | $1.01M | +74% YoY |
| Gross margin | 24% | −2% prior year |
| Q2 net loss | $1.67M | 165% of revenue |
| Cash + investments | $5.20M | Aug. 11, 2026 |
| Closing market cap | $9.64M | 2.4× annualized Q2 sales |
PlayStation's operating margin rose to 21.6% while monthly active users reached 125 million. A digital-first model can reduce physical distribution friction and deepen recurring platform spend. Sony's ADR has stayed above both key moving averages.
Quarterly playtime already fell 4%. If the boycott turns into weaker store purchases, subscriptions or next-console demand, the margin benefit may arrive with a smaller user base. Tariff refunds and foreign exchange also boosted the latest profit gain.
SALESFORCE · NYSE:CRM · EARNINGS SETUP
Options imply a 7% move after Wednesday’s report. Consensus revenue is only $10 million above the midpoint of management’s range, leaving cRPO and underlying growth to decide the direction.
The stock recovered 10.0% from August 17’s close. Monday’s verified range was $207.39–$213.17.
| Measure | Company guide | Consensus | Read-through |
|---|---|---|---|
| Revenue | $11.27B–$11.35B | $11.32B–$11.33B | Near guide ceiling |
| Adjusted EPS | $3.25–$3.27 | $3.27–$3.28 | At/above guide ceiling |
| cRPO growth | ≈14%; 13% CC | >13% | Acceleration test |
| FY2027 revenue | $45.9B–$46.2B | Watch revision | Includes ≈3 pts Informatica |
Q1 revenue was $11.133B. Removing the disclosed $444M Informatica contribution leaves $10.689B against $9.829B one year earlier.
The earnings question is whether those products lift core growth, rather than merely improving the reported mix.
Bull casecRPO at or above 14%, clean core acceleration, maintained 34.3% non-GAAP margin.
MiddleHeadline beat, but growth relies on Informatica and guidance barely moves.
Bear casecRPO below 13%, weaker organic outlook or cash-flow guide cut.
The offshore mix dwarfs the permanent-visa channel. That keeps utilization, wages and client demand at the center of the earnings case.
The judge vacated a nationality-only pause affecting 75 countries. Those countries usually represent about 40%–45% of U.S. immigrant visas. Policy-only refusals return to individual review.
Permanent employment cases can benefit. Approval is not automatic.
H-1B and other temporary visas were outside the policy. The ruling therefore does not directly reopen Cognizant’s main temporary skilled-worker route.
An appeal or stay could also slow implementation.
Primary driver: stronger financial-services demand, better margins and higher EPS guidance. Secondary option: a wider permanent-worker pool after the court ruling. The consensus target’s 3.3% upside suggests investors still require execution—not immigration headlines—to lift the multiple.
A Labrador fibre cut renews scrutiny of backup routing while BCE balances heavier network investment against free-cash-flow recovery.
The outage cost is undisclosed. The investor issue is whether resilience work pulls more capital forward during a soft Canadian revenue period.
| Firm | Call | Target | Date |
|---|---|---|---|
| Bank of America (NYSE:BAC) | BUY · upgrade | C$38 | Aug. 11 |
| RBC (TSE:RY) | BUY | C$36 | Aug. 8 |
| BMO (TSE:BMO) | BUY | C$37 | Aug. 7 |
| Scotiabank (TSE:BNS) | BUY | C$40 | Aug. 7 |
| Barclays (LON:BARC) | HOLD | C$35 | Aug. 7 |
Market data: 24 Aug 2026, 13:12 BST, 15-minute delayed. London market status at report time: closed.
The attacked operator is undisclosed. National Grid is a listed infrastructure reference, not the identified victim.
Consensus is Hold. The average target sits about 16% above the delayed reference, but the low target is roughly 9% below it.
Near-term revenue impact looks immaterial. The bigger question is whether cyber controls, vendor replacement and reporting costs are efficiently funded through regulated allowances while National Grid delivers at least £70bn of investment through FY2031.
Market quote: August 24, 2026, 10:20 EDT / 16:20 CEST
Policy and financial data current through August 24, 2026
+$2.24 · +0.87%
The day’s move cannot be attributed solely to the visa proposal.
A rough ceiling using Amazon’s latest 2,661 quarterly approvals is about $275 million. This is not a forecast; petition exemptions matter.
Net sales +20%; AWS sales +37%; operating income +43% year over year.
96.7% of 60 tracked recommendations are buys. Target range: $230–$405.
$27.5 billion of quarterly operating income dwarfs even a high-end fee estimate.
AWS and AI growth raises the value of specialized engineers and researchers.
More roles could shift to graduates already in America or overseas engineering hubs.
Sources: Reuters and U.S. Department of Homeland Security proposal; Amazon Q2 2026 investor release; USCIS employer-data analysis; StockAnalysis and Investing.com market and consensus snapshots. Market prices can move after the stated timestamp.
26,015.94
7,653.60
53,389.19
Decliners per advancer
The positive Dow reduces the odds of a broad liquidation. The negative Nasdaq breadth shows the pressure extends beyond one megacap.
1 Nvidia earnings risk cut AI exposure.
2 Memory and connectivity shares fell faster.
3 Long Treasury yields kept growth multiples under pressure.
Moves at 09:45 EDT. “<−6%” denotes a decline greater than 6% in magnitude.
| Firm / analyst | Rating | Target |
|---|---|---|
| Cantor Fitzgerald / C.J. Muse | Overweight | $350 |
| KeyBanc / John Vinh | Overweight | $330 |
| Rosenblatt / Kevin Cassidy | Buy | $325 |
Actions dated August 24, 2026. Friday close: $214.72. Source: Benzinga analyst tracker.
Wed, Aug. 26
Nvidia fiscal Q2 results
Wed, Aug. 26
U.S. PCE inflation
Fri, Aug. 28
Fed Chair Warsh at Jackson Hole
The core signal is breadth, not the headline index alone. A strong Nvidia report could repair semiconductor leadership quickly. An in-line result may be insufficient because positive analyst ratings already set a high bar. The main downside risk is a fresh rise in long yields, which would hit the same long-duration technology names again.
Sources: Reuters, Associated Press, Cboe and Benzinga. Intraday prices can change before the close.
| Milestone | Possible timing | Status |
|---|---|---|
| Event invitation | Aug. 25–26 | Estimated |
| iPhone event | Around Sept. 9 | Reported |
| Preorders | Sept. 12 | Estimated |
| Retail launch | Sept. 18 | Estimated |
| Base iPhone 18 family | Spring 2027 | Reported |
| Total revenue | $109.4B |
| Growth | +16.4% |
| iPhone growth | +21.7% |
| Gross margin | 50.1% |
| Consensus | BUY |
| BofA | $380 |
| Redburn | $400 |
| Jefferies | $264 |
| Metric | Benchmark | Investor read-through |
|---|---|---|
| Revenue | $1.436B-$1.442B | Demand conversion |
| ARR | $5.793B-$5.795B | Subscription momentum |
| Non-GAAP op. income | $345.6M-$349.1M | Operating leverage |
| Split-adjusted EPS | $0.29 consensus | Profit delivery |
| Desk | Call | Target |
|---|---|---|
| Jefferies · Aug. 24 | Buy | $230 |
| Morgan Stanley · Aug. 21 | Buy | $227 |
| Baird · Aug. 21 | Hold | $220 |
| Evercore · Aug. 20 | Hold | $205 |
| Benchmark · Aug. 18 | Buy | $250 |
The stock opened below its August 20 launch-day close of $80.14. The completed-session tape does not support a post-launch $6 billion gain.
Market value rose $17.49B from August 17 to August 19. After the show launched, capitalization fell $2.62B through Friday.
Consensus: Buy · 51 analysts
| Firm | Call | Target |
|---|---|---|
| J.P. Morgan | Buy | $85 |
| BMO | Buy | $135 |
| DBS | Buy | $94 |
| Baird | Buy | $90 |
Bull case: fresh content supports retention, pricing and an ad business targeting about $3B in 2026 revenue.
Bear case: slower growth and limited title-level evidence leave investors paying about 23 times forward earnings without a clear engagement inflection.
The useful signal is the gap: Nasdaq 100 futures fell almost three times as much as Dow futures. Nvidia earnings and Wednesday's inflation data now carry more weight than the blue-chip headline.
Macro data lands first. A hotter reading would raise the hurdle for tech valuations.
The company call begins at 17:00 EDT. Guidance is likely to matter more than the headline beat.
Markets want a policy framework. Less guidance could leave long yields in control.
| Analyst | Firm | Call | Target | Aug. 24 action |
|---|---|---|---|---|
| Harlan Sur | J.P. Morgan | Buy | $280 | Reiterated |
| John Vinh | KeyBanc | Buy | $330 | Maintained |
| C.J. Muse | Cantor Fitzgerald | Buy | $350 | Maintained |
| Kevin Cassidy | Rosenblatt Securities | Buy | $325 | Maintained |
| Vijay Rakesh | Mizuho Securities | Buy | Not listed | Reiterated |
UMC's ADR gained 6.22% before Monday's open. The move priced in improving utilization and AI infrastructure optionality while major chip peers fell.
| View | Rating | Target | Date | Gap to $19.48 |
|---|---|---|---|---|
| Arete Research | Buy | Not disclosed | Aug. 10, 2026 | — |
| Bernstein SocGen | Sell | $13.60 | July 28, 2026 | −30.2% |
| BNP Paribas Exane | Hold | Not disclosed | March 31, 2026 | — |
| S&P Global poll | Sell consensus | $18.49 avg. | Aug. 24, 2026 | −5.1% |
Marvell's Google agreement can unlock $120 billion of purchases. The market is now weighing that scale against earnings execution and a warrant worth up to 6.3% of the post-exercise share count.
Every session last week moved at least 5.5%. That is event pricing, not a quiet repricing.
The near-term tape reflects sector caution before two major earnings events. The longer-term debate is Google's purchase ramp.
Calculated at maximum exercise. Most vesting needs $120 billion of purchases through fiscal 2033.
$120B cumulative Google purchase milestones ÷ $8.195B Marvell FY2026 revenue.
| Metric | Q1 actual | Q2 guide |
|---|---|---|
| Revenue | $2.418B | $2.700B ±5% |
| Adj. gross margin | 58.9% | 58.25%–59.25% |
| Adj. diluted EPS | $0.80 | $0.93 ±$0.05 |
| Diluted shares | — | ≈915M |
Results are due after the U.S. close on Aug. 27.
| Firm | Rating | Target |
|---|---|---|
| UBS | Buy | $310 |
| Barclays | Overweight | $275 |
| JPMorgan | Overweight | $240 |
| Raymond James | Strong Buy | $235 |
| 44-analyst average | Strong Buy | $263.94 |
Consensus upside from Friday's close: 11.4%. Published target range: $126–$400.
Market data timestamp: Aug. 24, 2026, 06:29 EDT / 12:29 CEST. Premarket and futures moves are preliminary. Sources: MarketWatch, Marvell 8-K, Marvell Q1 FY2027, StockAnalysis, Investing.com.
| Reference pool | Coverage |
|---|---|
| One June-quarter capex bill | ~101% |
| RMB380bn three-year AI pledge | ~18% |
| RMB474.5bn cash/liquid investments | ~14% |
| Firm | Aug 21 target |
|---|---|
| J.P. Morgan | $210 ↑ |
| Barclays | $200 ↑ |
| Citi | $190 ↓ |
| Morgan Stanley | $180 = |
| Baird | $160 ↓ |
NASDAQ: MU · Memory cycle stress test
21 Aug, 16:00 EDT
Reported 24 Aug, 05:26 EDT
17–21 Aug closes
+56.7% vs last close
Closes: $1,011.75 · $940.76 · $937.11 · $974.33 · $966.78
Peer capital-return disappointment hit a crowded memory trade. New Chinese funding adds a longer-dated supply question.
Micron fiscal Q3 2026. Bars use revenue as the scale anchor, except margin.
| Firm | View | Target |
|---|---|---|
| UBS | Buy | $1,625 |
| BofA | Buy | $1,550 |
| New Street | Buy | $1,250 |
| Consensus | Strong Buy | $1,515 |
47 analysts: 34 Strong Buy, 9 Buy, 4 Hold, 0 Sell.
Micron's earnings case remains strong. The new risk is expectation density: record margins, sustained AI spending and disciplined industry supply are all embedded in the bullish consensus.
Market data: Nasdaq/StockAnalysis and MarketWatch, captured 24 Aug 2026 at 05:26 EDT. Financials: Micron fiscal Q3 2026. Analyst targets: S&P Global/Investing.com snapshot. Premarket data is indicative and may move sharply before the open.
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