Applied Optoelectronics is trading 4.9% up at $120.01 in pre-market, staging a technical bounce following a sharp sell-off earlier in July.
- The stock is recovering from a July 8 pullback triggered by a B. Riley note that highlighted structural headwinds for AI data-center transceivers.
- With no new company-specific catalysts overnight, the move appears driven by broader recovering risk appetite in U.S. equity futures.