Why Applied Optoelectronics Stock Is Soaring Today

Shares of Applied Optoelectronics (AAOI 3.37%) are soaring today, up 7% as of 12:51 p.m. ET. The move comes as the S&P 500 and Nasdaq Composite were relatively flat.The company, which develops and manufactures fiber optic technology, announced that it has delivered an important shipment of its advanced transceivers.The first shipment of manyApplied Optoelectronics announced late Wednesday that it has completed its first "volume shipment of high-speed data center transceivers to a recently reengaged major hy ...