Applied Optoelectronics is trading at $80.03, up 7.73%, amid a broader semiconductor rebound.
- Reuters reported lower Treasury yields and easing crude prices supported the battered AI trade; SOXX was up 3.6% in premarket trading.
- No clear new company-specific catalyst explains the rise.
- The company’s recent $600 million equity distribution filing was reported as a source of selling pressure, not a positive catalyst.