Applied Optoelectronics (AAOI) shares tumbled 5.00% in pre-market trading, reflecting a sharp decline in the optical communication sector.
The sell-off was part of a broader market downturn affecting chip, crypto, and optical communication stocks, driven by concerns over former President Donald Trump's threat to escalate military conflicts, which spooked investors and prompted risk-off sentiment.
Other optical communication stocks like Lumentum, Semtech, Fabrinet, and Ciena also fell around 4% in pre-market action, indicating a sector-wide reaction to the geopolitical uncertainty.
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