Applied Optoelectronics Rallies 6%, Lumentum Climbs 5% as Texas Expansion Fuels AI Optics Trade

Applied Optoelectronics shares jumped 6% to $119.10 in early trading on fresh news of a major Texas manufacturing expansion, reversing Monday’s selloff. The headline suggests improving production capacity and medium-term momentum, boosting investor sentiment.

Analysis

Applied Optoelectronics shares jumped 6% to $119.10 in early trading on fresh news of a major Texas manufacturing expansion, reversing Monday’s selloff. The headline suggests improving production capacity and medium-term momentum, boosting investor sentiment.