Applied Optoelectronics Shares Rise Nearly 19% as Peers Rally

Shares of Applied Optoelectronics, Inc. (AAOI), a fiber-optic networking company, rose nearly 19% by 12:33 p.m. ET Nov. 11, reaching $57.65 as technology shares strengthened and three peers each gained more than 12%.

The stock was up $9.36 in the intraday snapshot. The figure does not represent a closing price.

The rise followed a 13.7% decline on Nov. 6, when AAOI posted the steepest drop among seven AI-linked stocks in that market snapshot. TokenPost covered the Nov. 6 decline.