AAOG is trading 13.7% up in pre-market action as optical networking names rally amid a broader recovery in high-growth technology stocks.
- The move extends a multi-day rebound for the leveraged 2x long AAOI ETF following a period of heightened market volatility.
- Renewed risk appetite is being supported by firmer U.S. index futures and a re-pricing of geopolitical tensions in the Middle East.
- Strong performance in large-cap tech is providing additional momentum for Applied Optoelectronics (AAOI) and related growth equities.