Applied Optoelectronics Shares Jump Following Proposed Ban on Chinese AI Hardware
Applied Optoelectronics stock is trading higher Tuesday morning, joining a broader rally across domestic fiber optic connectivity companies.
A proposed ban on Chinese AI hardware is making investors more interested in American companies like Applied Optoelectronics that make fiber optic cables and connections. When people think a rule might help American companies, they sometimes want to own their stock.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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