Applied Optoelectronics is trading 6.2% up at $116.99 in pre-market, extending a powerful multi-day rally in AI-linked optics stocks driven by improved funding flexibility and a broader semiconductor bid.
- The move follows news that a subsidiary secured a new RMB 500 million credit line in China, which has significantly improved the company's liquidity position.
- Traders appear to be chasing upside in this high-beta AI name, building on momentum from late-July gains and a strong overall appetite for semiconductor-related equities.