Applied Optoelectronics Zooms 13% Higher on Pivotal Quarterly Print; Coherent Advances 13%, Lumentum Adds 8%
Applied Optoelectronics (AAOI) surged 13% after nearly doubling its Q2 revenue to $191.9 million and returning to profitability, driven by strong demand for optical networking products in AI data centers. Coherent (COHR) also gained 13% and Lumentum (LITE) added 8%, benefiting from a broader …