🟢 Applied Optoelectronics is trading 4.6% up; specific driver unconfirmed

Applied Optoelectronics is trading 4.56% higher at $101.00 as of 10:16 a.m. EST on September 29, recovering after the prior session’s decline; a specific driver remains unconfirmed.

• The company announced it had shipped its 1 millionth 1.8GHz amplifier and unveiled broadband and optical product demonstrations at SCTE TechExpo on September 29. Available reporting does not link the announcement to the gain.
• The broader semiconductor sector was weak and does not explain the stock’s rise.