Applied Optoelectronics Stock Rises on Possible Continued Momentum as It Completes Share Sale
Applied Optoelectronics is rising Tuesday on possible continued momentum after the company completed its $600 million ATM equity offering.
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Shares of companies within the broader technology sector are trading lower after Treasury yields spiked to a 24-year record and the Federal Reserve's September meeting minutes showed officials expect another interest rate hike in 2026. This may cause investors to rotate out of the sector due to economic tightening.
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