🔴 AAOI 2x Leveraged ETF (AAOG) is trading 10.93% down as AAOI weakness amplifies losses

AAOG is trading at $1.02, down -10.93%, as weakness in Applied Optoelectronics shares is amplified by its 2x daily-performance target. - Applied Optoelectronics (AAOI) was reported down 3.75% in premarket trading on October 20. - Dilution concerns follow AAOI’s $600 million equity distribution deal. - Reports also cite broader concerns about AI infrastructure funding and optical-hardware demand; available evidence does not establish a new catalyst at 9:40 a.m.