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Aug 28 at 01:31 AM
$Applied Optoelectronics(AAOI.US)
I will talk about a company in one of the important segments of the AI buildout for the fifth post of this ongoing trade showcase episode.
Much has been mentioned about energy and memory ad being critical for AI. Networking is another bottleneck and is very important for AI to scale.
The company I am talking about is in this supply chain and it provides the optic component of networking which will be crucial in the next phase of the AI buildout with NPO and CPO etc.
Technically, AAOI is in a big decade long cup pattern with price already broken out above the prior ATH of 103.5. Price is now testing these levels and a successful retest will see new ATHs. EW patterns are also leaning towards this being a third wave and the trend looks to favour the bulls.
Fundamentals and Technicals are aligning nicely so this looks like a good name to invest for the long term.
@Captain's Treasure
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