On July 28, Applied Optoelectronics declined 5.23% overnight, trading at $92.93/share, with turnover of $8.6531 million.

On the news front, the optical communication sector continues to face sustained selling pressure. Trump recently made significant remarks on trade policy, triggering a broad selloff across semiconductor, storage, and optical communication stocks. AAOI had already plunged 10.60% on July 25 as part of the sector-wide rout. The stock has now accumulated a decline exceeding 25% throughout July.

Within the Communication Equipment sector, the overall industry remains weak. Among individual stocks, Lumentum down 3.3%, Nokia down 3.99%, Arista Networks down 1.91%, Cisco down 0.1%, and F5 Inc flat at 0%. Needham recently maintained a Buy rating on Applied Optoelectronics but lowered its target price to $220, reflecting market divergence on the near-term outlook. The company is scheduled to report next quarter earnings on August 6, with consensus EPS expected at -$0.02.

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