On October 9, Applied Optoelectronics rose 5.76% in pre-market trading, trading at $111.75 per share, with turnover of $12.23 million.

The move came as optical communications and storage names rebounded in tandem, reflecting a short-term repair in market risk appetite. Lumentum's CEO stated that capacity is sold out through 2029, reinforcing medium- to long-term demand expectations for the optical communications industry and lifting sector sentiment.

Prior to this, the stock had faced pressure along with peers, weighed by rising long-end US Treasury yields and concerns over the Middle East situation. Applied Optoelectronics is a leading supplier of fiber-optic networking products, serving cable television, fiber-to-the-home, and data center end markets.

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