By Stephen Nakrosis
Shares of Applied Optoelectronics rose after the optical-products company said it had made the first volume shipment of high-speed data-center transceivers to a recently re-engaged major hyperscale data-center customer.
The stock climbed 15% higher, to $18.81, after hours Wednesday. The stock closed Wednesday's regular session at $16.32, down by less than 1%.
Applied Optoelectronics said the shipment was the first of a significant quantity to this customer in several years.
Also Wednesday, Applied Optoelectronics said its Prime World International Holdings unit had leased property and a building in Taoyuan City, Taiwan. The lease includes the right to modify the building as necessary to accommodate production needs, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 11, 2025 18:57 ET (22:57 GMT)
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