Applied Optoelectronics Leads AI Stock Losses With 9.49% Drop

Applied Optoelectronics led losses among AI-related U.S. stocks in early trading Tuesday, as all seven names in the group declined and several fell more than 5%. Applied Optoelectronics (AAOI) fell 9.49%, followed by Marvell Technology (MRVL) at 9.07%. Advanced Micro Devices (AMD) declined 5.88%, SanDisk (SNDK) lost 4.39%, and Micron Technology (MU) fell 3.76%. Oracle (ORCL) was down 2.19%, while Taiwan Semiconductor Manufacturing Co. (TSM) slipped 2.13%. Losses among the seven listed AI-related stocks ranged from 2.13% for TSM to 9.49% for AAOI, a 7.36-percentage-point spread. Marvell recorded the second-largest drop, followed by AMD.

Source: TokenPost