Applied Optoelectronics (AAOI) Hits All-Time High on New Supply Deal, Expansion

Group 1 - Applied Optoelectronics Inc. has reached a new all-time high stock price of $127.39, closing at $120.49, an increase of 8.92% following a $200 million supply deal and expansion plans [1][2]. - The company has secured a deal for the supply of 1.6T data center transceivers to support AI workloads, with shipments expected to start in Q3 and complete by year-end [2]. - The expansion of manufacturing facilities in Taiwan and Texas is underway, aiming to achieve the largest production capacity for 800G and 1.6T transceivers in the US, with a target of over 500,000 units produced monthly by year-end [3][4]. Group 2 - Investment firm Rosenblatt has raised its price target for Applied Optoelectronics from $125 to $140, reflecting a 12% increase while maintaining a "buy" rating [5].