On August 19, Applied Optoelectronics fell 5.13% in regular trading, trading at $124.82/share, with turnover of $1.055 billion.
On the news front, the optical communication sector extended the prior session's sharp collective selloff, with same-sector names Lumentum down 4.52%, Arista Networks down 2.61%, and Nokia down 1.11%, sector-wide weakness continuing to drag on the stock. The previous trading day saw storage, optical communication, and AI cloud services sectors face concentrated selling — Coherent plunged over 12%, Lumentum dropped over 9%, and CoreWeave fell over 12% — as the market began reassessing return risks associated with AI infrastructure's heavy-asset model.
Applied Optoelectronics had already plunged over 15% in the prior session. While the company's Q2 revenue surged 86% year-over-year to $191.9 million with data center business exceeding $100 million for the first time, its Q3 guidance came in below Wall Street expectations, providing an ongoing overhang. The rapid multi-day reversal from recent highs reflects heightened volatility and swift sentiment shifts characteristic of the current AI hardware trade.
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