Applied Optoelectronics (AAOI) Soars 15% on Hyperscaler Huge Volume Order

We recently published 10 Stocks Boasting the Biggest Gains; 4 Hit Record Highs. Applied Optoelectronics, Inc. (NASDAQ:AAOI) is one of the best performers on Wednesday.

Applied Optoelectronics extended gains for a fourth consecutive day on Wednesday, jumping 15.14 percent to finish at $34.98 apiece after securing its first volume order for its 800G data center transceivers from a major hyperscaler.

“We are pleased to receive our first volume order for our 800G products from this major hyperscale customer,” said Applied Optoelectronics, Inc. (NASDAQ:AAOI) Chairman and CEO Thompson Li.

“Our customers need optical solutions that can scale to support the speed and performance required for today’s AI-powered data transmissions, and we believe that AOI is uniquely positioned to meet the demands for high-volume transceiver shipments with our automated production lines that we have spent years developing,” he added.

With the new orders, Applied Optoelectronics, Inc. (NASDAQ:AAOI) said it remains on track to meet its 800G shipment expectations by year-end, which is expected to contribute $4 million to $8 million in total revenues in the fourth quarter of the year.

“In addition to this progress we are making on 800G, this customer is swiftly ramping its utilization of our 400G transceivers. To date this year, it has placed orders for nearly $22 million worth of 400G transceivers, which includes delivery of $13 million worth of these transceivers so far in Q4,” added Applied Optoelectronics, Inc. (NASDAQ:AAOI) Chief Finance and Strategy Officer Stefan Murry.

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