AAOI is trading 5.1% down at $160.44 as investors reassess the company's capacity-limited growth outlook following a massive multi-month rally.
- The stock has fallen sharply for a second straight session as the market digests commentary that 2026 revenue is capped near $1.1 billion despite higher demand.
- The decline marks a period of profit-taking after a significant post-earnings run, with investors now weighing supply constraints against the long-term growth narrative.