AAOG is trading at $1.04, down -9.28%, as weakness in Applied Optoelectronics is amplified by its 2x daily-move target. - AAOI’s $600 million at-the-market equity offering raised dilution concerns. - Optical peers also faced pressure amid worries about AI-infrastructure funding. - Technology sentiment was mixed, but the overnight catalyst appeared more closely tied to AAOI and the AI-optics group than to the overall market.