Applied Optoelectronics tumbles 8% as optical communications stocks pull back

US Stock Market Update
2026.06.16 18:01

Applied Optoelectronics Inc (AAOI) tumbled 8% during regular trading to $175.64 as optical communications stocks faced a broad pullback.

Peers Lumentum Holdings and Coherent declined 3.6% and 1.4% respectively, while Marvell Technology bucked the trend with a 1.8% gain. The sector had rallied broadly in the prior session, with AAOI surging more than 14%.