## AAOI Stock Soars After Amazon Warrant Accord
### Vital Points
* The stock of Applied Optoelectronics (AAOI) saw a rise of over 50% in early trading today after it was announced that Amazon will be able to buy about 8 million shares.
* AAOI is known for its work in making advanced optical solutions for internet data hubs, which are very important for powering AI technologies.
* Before this announcement, AAOI stock had already increased by around 13% during the prior year.
Applied Optoelectronics (AAOI) is seeing a huge rise in early trading, with stocks up by more than 50%. This comes after the announcement that Amazon (AMZN) has been given warrants to buy almost 8 million stocks in the company.
The warrants, which are subject to vesting and other terms listed in the agreement, can be used fully or partially at any point before 5:00 p.m. Seattle time on March 13, 2035, at a price of \$23.6954 for each stock.
In a filing with the Securities and Exchange Commission (SEC), Applied Optoelectronics said that it would give warrants to the tech giant, allowing Amazon to buy as many as 7.945 million stocks.
Applied Optoelectronics is centered on creating advanced optical products for broadband fiber access networks used in internet data hubs. Based in Sugar Land, Texas, the company also runs engineering and making plants in Taiwan and China.
AAOI stocks closed at \$15.87 on Thursday. Before this announcement, the stock had already gone up by about 13% over the prior year.
Tech companies, including Amazon, are greatly investing in data hubs to support the quickly growing needs of cloud computing and artificial intelligence (AI). This deal shows how important AAOI’s technology is in enabling these vital infrastructure parts. Whats Fueling the Rise in XRP, LINK, BONK, Jasmy, and Other Altcoins?
