🟢 2X Long AAOI Daily ETF (AAOG) is trading 7.4% up in pre-market after Applied Optoelectronics rebounded from dilution concerns

AAOG is trading at $2.75, up +7.36% after Applied Optoelectronics (AAOI) rebounded from Monday’s sharp selloff tied to its $600 million ATM offering and dilution concerns.

• AAOI was indicated around $113.00, approximately 5.0% above its August 24 close, supporting AAOG’s leveraged rebound.
• The broader semiconductor backdrop remains weak, limiting confidence in a sustained recovery; Asian chip stocks sold off overnight.