On October 2, Applied Optoelectronics rose 5.42% in regular trading, trading at $114.03/share, with turnover of $327 million.

On the news front, the optical communications sector continued its recovery from the September 28 broad-based selloff, during which Credo Technology plunged over 9%, Applied Optoelectronics fell 7%, and Coherent dropped nearly 6%. In the prior session, sector peers staged a powerful rally — Coherent surged 10.9%, Credo gained 7.9%, and Lumentum rose 7.67% — driving sustained sentiment improvement and lifting Applied Optoelectronics in sympathy.

Further bolstering the sector, Corning secured multi-billion-dollar fiber optic supply agreements with both Verizon and AT&T, reinforcing demand expectations for optical communications infrastructure. Meanwhile, Citi recently projected the optical switching market at $11 billion, and Morgan Stanley noted that optical communications capacity is expected to remain near sold-out over the next 12 to 18 months, with indium phosphide substrate supply still the core bottleneck, keeping the industry outlook intact.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)