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Applied Optoelectronics Stock Soars on Amazon Deal Giving Option to Buy Shares
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Key Points
- Shares of Applied Optoelectronics soared more than 50% in listing trading after Optical Products Maker said it had reached an agreement with Amazon, giving the technology giant the right to buy nearly 8 million shares.
- The company has developed advanced optical products used in internet data centers, which power AI technology.
- In the past 12 months, stocks of Applied Optoelectronics have risen by about 13%.
Optoelectronics for application'(aoiii) stock is After optical product manufacturer says it reaches an agreement with AmazonAmzn) This gives tech giants the right to buy nearly 8 million shares.
In documents submitted to the United States Securities and Exchange Commission (SEC) App Optoelectronics said it was being released on Thursday ensure Buy up to 79.45 billion shares from tech giants stock.
“Under the vesting and certain conditions, in which the warrant may be exercised in whole or in part, Seattle Time, Seattle Time, on March 13, 2035, at an exercise price of $23.6954 per share.”
Application Optoelectronics has developed advanced optical products that are used in broadband fiber access networks within Internet data centers. The company said it is based in Sugar Land, Texas, and has engineering and manufacturing facilities in Taiwan and China.
Tech companies including Amazon are very big invest In data centers, to facilitate cloud computing and demand surge Artificial Intelligence (AI).
Optoelectronics sharing of applications It closed at $15.87 on Thursday, up 13% over the past 12 months to Friday.
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