5 Stocks With Effortless Gains

In this article, we will look at the 5 Stocks With Effortless Gains. For a deeper discussion and an extended list, please see 10 Stocks With Effortless Gains.

The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels

5. Applied Optoelectronics Inc. (NASDAQ:AAOI)

Applied Optoelectronics extended its winning streak to a fourth straight session on Tuesday, jumping 9.48 percent to finish at $117.64 apiece, as investors resumed buying positions on strong confidence for its data transceivers.

Earlier this month, Applied Optoelectronics Inc. (NASDAQ:AAOI) said that one of its major customers upsized to $124 million its order for 800G single-mode data center transceivers, more than doubling its existing backlog for the latter.

“This increased order for our 800G transceivers reflects both the customer’s confidence in AOI and the growing demand for 800G optics,” Applied Optoelectronics Inc. (NASDAQ:AAOI) Chairman and CEO Dr. Thompson Lin said

“Following product qualification, we expect to begin delivering both the initial order—totaling more than $53 million—and this additional order in the second quarter. We anticipate completing delivery of the initial order in the third quarter, with this new order by the end of this year. We also recently shipped the first 10,000 units of an 800G single-mode transceiver order to another hyperscale datacenter customer,” he noted.

Launched in September last year, the 800G optical transceivers are built for high-performance AI and cloud data center networks requiring superior port density and bandwidth efficiency. It is available in standard pluggable form factors and is essential for high-capacity spine switching and high-speed GPU cluster interconnects.