On October 9, Applied Optoelectronics rose 5.02% overnight, trading at $111.22 per share, with turnover of $18.84 million. The move came as optical communication and storage stocks rebounded in overnight trading, reflecting a short-term recovery in risk appetite after the previous session's broad-based selling pressure.

The prior day, the stock had fallen over 5% during regular trading as rising long-term Treasury yields and Middle East geopolitical concerns weighed on the optical communication sector. In overnight trading, Applied Optoelectronics, Lumentum, Micron, and SanDisk all moved higher, with Lumentum gaining over 3% after its CEO stated that capacity is sold out through 2029. Applied Optoelectronics is a leading provider of fiber-optic networking products serving cable television, fiber-to-the-home, and data center markets.

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