Why Is Applied Optoelectronics Stock Surging Tuesday?
Applied Optoelectronics (AAOI) stock surged over 9% after Corning and Verizon's major optical fiber deal boosted the sector.
A big deal between two major companies using optical fiber (super-fast data cables) made investors excited about companies like AAOI that work in that same field. When one part of the tech world does well, people often get hopeful about similar companies too.
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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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