On August 17, Applied Optoelectronics rose 5.3% in regular trading, trading at $158.25/share, with turnover of $971 million.

On the news front, the optical communication sector rallied broadly, with peer Lumentum gaining 7.54% and Ciena rising 5.91%, creating strong sector-wide momentum. Additionally, the company's previously reported Q2 results continued to fuel investor enthusiasm — revenue reached $191.9 million, up 86% year-over-year, with data center business surpassing $100 million for the first time, representing 140% year-over-year growth. The company disclosed that its 1.6T products are nearing customer certification completion and will begin shipments, backed by over $200 million in orders with most deliveries expected in Q4.

Raymond James raised its price target to $178, while the analyst consensus average target stands at $166.67. Management indicated demand exceeds supply capacity by 20%-40% through mid-2027, underscoring robust AI optical interconnect demand.

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