AAOI is trading at $212.47 (-4.76%) as investors lock in gains following a record high of $233.67 reached on May 13.
- The stock has surged 539% YTD fueled by robust AI data center demand and 50% Q1 revenue growth reported on May 7.
- Today's decline follows a sharp 18.5% rally in the previous session, signaling cooling momentum despite the broader market trading slightly higher.