Applied Optoelectronics Stock Rises 4% On Major Customer Shipment Milestone

(RTTNews) - Applied Optoelectronics, Inc. (AAOI) shares climbed 3.37 percent, or $0.55, on Thursday, after the company announced its first volume shipment of high-speed data center transceivers to a recently re-engaged major hyperscale data center customer. This marks the first significant shipment to this customer in several years and signals renewed business momentum.

The stock is currently trading at $16.87, up from a previous close of $16.32 on the Nasdaq. It opened at $17.55 and has moved between $17.20 and $19.76 so far today, with volume surging to 13.76 million shares, far above the average of 3.91 million.

Shares have ranged between $6.70 and $44.50 over the past 52 weeks. The announcement supports the company's expectations for accelerating transceiver sales in the second half of the year, fueled by U.S.-based capacity expansion.