Applied Optoelectronics Inc (NASDAQ:AAOI) stock is diving on Tuesday as high-beta tech names get hit in a sharp risk-off tape.

Applied Optoelectronics shares are trading higher on Monday as risk-on appetite lifts high-beta tech names and momentum trades.

Applied Optoelectronics Inc (NASDAQ:AAOI) stock is diving on Tuesday as high-beta tech names get hit in a sharp risk-off tape.

Applied Optoelectronics shares are up Wednesday morning as traders lean into AI data-center plumbing narrative despite weak index ETFs.