11 Best Day Trading Stocks to Buy Now

8. Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Number of Hedge Fund Holdings: 36

Financial firm Rosenblatt discussed Applied Optoelectronics, Inc. (NASDAQ:AAOI)’s shares on March 9th, according to The Fly. It raised the firm’s share price target to $140 from $125 and kept a Buy rating on the stock. The coverage came after Applied Optoelectronics, Inc. (NASDAQ:AAOI) announced a $200 million deal to supply 1.6T transceivers, and the financial firm speculated that the customer could be data center giant Oracle. Rosenblatt added that it expects Oracle and Microsoft to become the firm’s customers in the future.

On February 26th, Applied Optoelectronics, Inc. (NASDAQ:AAOI) reported its earnings for the fourth quarter and full year 2025. The results saw the firm post $134 million in revenue for the fourth quarter and $455 million in revenue for the full year. However, Applied Optoelectronics, Inc. (NASDAQ:AAOI) also reported a $2 million loss for the fourth quarter and a $38 million loss for the full year. As for the first quarter, Applied Optoelectronics, Inc. (NASDAQ:AAOI) guided between $150 million to $165 million in revenue.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) is an optical communications products designer and manufacturer. Its products are used in the data center, telecommunications, and other industries.