On October 9, Applied Optoelectronics rose 6.89% in regular trading, trading at $114.8327/share, with Turnover of $181 million.

The catalyst behind the rally comes from Lumentum's CEO announcing that optical component capacity is sold out through 2029, reinforcing the medium-to-long-term demand outlook for the optical communications industry and lifting sector-wide sentiment.

The announcement triggered a coordinated rally across optical and storage names in overnight, pre-market, and regular sessions. Lumentum and Applied Optoelectronics both gained over 6%, while Coherent rose more than 4%. Applied Optoelectronics is a leading supplier of fiber-optic networking products for cable television, fiber-to-the-home, and internet data center markets.

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