Applied Optoelectronics is trading 10.4% up at $99.51 as the stock continues its sharp rebound driven by a broad semiconductor rally and improving AI-spending sentiment across the tech sector.
- The move extends the stock's recent momentum following a 17.8% gain on July 30.
- Gains are being fueled by sector-wide optimism for chip-related names, despite a lack of new company-specific news today.