AAOG is trading at $0.86, up 3.35%, as broad chip-stock gains support the move.
- Semiconductor shares were broadly higher premarket, alongside rising Nasdaq futures.
- Retreating oil prices and firmer U.S. equity futures also supported the wider risk-on backdrop.
- Reported dilution concerns weighed on Applied Optoelectronics (AAOI), making the broader market backdrop appear more supportive than company-specific news.