On October 6, Applied Optoelectronics rose 5.37% during regular trading hours, trading at $121.87 per share. This upward movement follows announcements at the OFC Conference highlighting AI-driven demand for optical network infrastructure.

The conference indicated optical interconnects will grow from $18B to $90B by 2030, reinforced by Corning securing billions in new fiber orders. As a key supplier to data centers, cable, and telecom markets, Applied Optoelectronics benefits from stronger sector sentiment illustrated by industry peers Cannng and Lumentum posting gains.

Earlier options activity showed investors positioning for volatility, with significant capital allocated to calls anticipating price appreciation, aligning with this technical breakout above the $120 level.