On July 10, Applied Optoelectronics fell 5.06% in regular trading, trading at $115.87/share, with turnover of $172 million. The decline came as the optical communication sector collectively pulled back, retracing gains from the previous session.
On the news front, optical communication stocks were already under pressure in pre-market trading, with AAOI and Lumentum down nearly 2% and Coherent falling over 1%. The semiconductor and storage sectors weakened in tandem, while Nasdaq futures slipped 0.5%, putting broad pressure on the technology sector. The previous trading day had seen the optical communication sector surge collectively, with Lumentum rallying over 12% and AAOI gaining more than 5%, driven by AI computing infrastructure catalysts including Meta's plan to deploy 7 gigawatts of AI infrastructure with up to $145 billion in AI construction spending. The current pullback exhibits characteristics of short-term profit-taking following the sharp rally.
Within the Communication Equipment sector, Lumentum fell 1.96%, Nokia dropped 3.7%, Ciena declined 1.44%, while Cisco edged up 0.52% and Arista Networks was roughly flat.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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