Alpha and Omega Semiconductor is trading at $39.45 (+5.57%) in pre-market. The surge follows: - The company's launch on July 8th of a new AOPL66801 80V MOSFET in AmpStack packaging, specifically designed for high power density AI data centers. - Lake Street initiating coverage on July 7th with a Buy rating and a $58.00 price target, citing the company's expanding AI data center business. - The stock gained 7.48% in the previous session, reflecting continued investor interest in its AI and power-management exposure.