Applied Optoelectronics (AAOI) stock has surged 539% year-to-date. The share price reached a record high of $233.67 on May 13, 2026.
Escalating demand for high-speed data center connectivity drives the rally. The company reported a 50% year-over-year revenue increase for the first quarter on May 7.
Applied Optoelectronics is expanding U.S. manufacturing with a new facility in Texas. This site will support cloud companies increasing their investment in optical systems for AI computing.