Why Applied Optoelectronics Stock Is Soaring Today
Shares of Applied Optoelectronics (NASDAQ: AAOI) are soaring today, up 7% as of 12:51 p.m. ET. The move comes as the S 500 and Nasdaq Composite were relatively flat.
The company, which develops and manufactures fiber optic technology, announced that it has delivered an important shipment of its advanced transceivers.
Applied Optoelectronics announced late Wednesday that it has completed its first "volume shipment of high-speed data center transceivers to a recently reengaged major hyperscale data center customer." The major shipment is expected to be the first of many with this unnamed data center operator and the first of its size for the company in several years.
Source Fool.com
