$Applied Optoelectronics(AAOI)$ In a few weeks, we'll start seeing earnings reports from several major tech companies like MSFT, GOOG, AMZN, and META. These reports should give us a clearer picture of what's happening in the AI sector.
Until then, the market is likely to be volatile, reacting to both positive and negative news along the way.
My bet is that the hyperscalers will confirm, or even raise, their capex spending targets. AAOI is expected to report around August 6.
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