Applied Optoelectronics is trading $48.78 (+4.03%) as news of a hyperscale customer agreement helps lift shares.
- November 5 results beat Q3 estimates; the agreement could generate $1 billion to $1.5 billion over three years.
- Q4 revenue guidance midpoint of $402.5 million was below the $427.3 million consensus, while U.S. capacity expansion faces delays.
- Semiconductor stocks are rebounding after Thursday’s AI-driven sell-off, adding sector support.