Applied Optoelectronics Rises On Strong Q4-2024 Outlook And Future Data Center Growth
Summary
- Applied Optoelectronics is up 326.38% over the last six months.
- The company reported impressive Q3-2024 results and foresees a 40% revenue growth QoQ for Q4-2024.
- The company benefits from the high demand for fiber optics used at US datacenters.
- Demand for fiber optics at datacenters will continue to grow with the mass applications of AI and internet computing.
- I continue my rating of a Buy, although it comes at a risk.
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