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Applied Optoelectronics Inc. (NASDAQ:AAOI) is one of the 10 Stocks With Remarkable Gains.

Applied Optoelectronics soared to a fresh all-time high on Friday, as investors increased further exposure in the company ahead of next week’s earnings performance results.

At intra-day trade, the stock surged to its highest price of $191.87 before trimming gains to end the session just up by 11.65 percent at $183.51 apiece.

Photo from Applied Optoelectronics website

Applied Optoelectronics Inc. (NASDAQ:AAOI) is scheduled to announce its financial and operating highlights for the first quarter of the year after market close on Thursday, May 7. A conference call will be held to elaborate on the results.

For the period, Applied Optoelectronics Inc. (NASDAQ:AAOI) is targeting to report revenues in the range of $150 million to $165 million, or an implied growth of 50 percent to 65 percent from the $99.9 million in the same period last year.

However, it expects to incur a net loss of $300,000 to up to $7 million, versus a $900,000 net loss in the same period a year earlier.

Earlier this week, Applied Optoelectronics Inc. (NASDAQ:AAOI) bagged a new $20.9 million grant from the state of Texas for its manufacturing expansion in Sugar Land, while supporting the latter’s plans to advance the semiconductor industry.

At present, Applied Optoelectronics Inc. (NASDAQ:AAOI) is underway with the expansion of an additional 210,000-square-foot manufacturing facility adjacent to its current headquarters in Sugar Land, where it will establish one of the largest production capacities for AI-focused data center transceivers in the US.

Upon completion, the new development is expected to generate more than 500 new jobs.

While we acknowledge the potential of AAOI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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