🔴 AI Optical Networking ETF (AAOG) is trading 12.9% down as optical-sector shares fall

AAOG is trading at $3.00, down -12.94%, as optical communications stocks weaken.

• AAOG seeks 2x daily exposure to Applied Optoelectronics; it and AXT were down 4% premarket, while Ciena, Nokia, Coherent and Lumentum fell 3%.
• Broader markets were cautious ahead of Federal Reserve minutes, with lower stock futures, rising oil and renewed bond-market selling. Available evidence points more directly to optical-sector weakness than broad markets as an explanation for AAOG’s unusually large decline.