Applied Optoelectronics: Good Post Lockdown Tech Spending Play

Applied Optoelectronics Inc. (NASDAQ: AAOI), included in our weekly list of top stocks,looks well-positioned to benefit from an expected increase in spending on technology infrastructure. The company’s product portfolio has several products that are at a cusp of multi-year replacement or upgrade cycle. We at Purnha have started to look for stocks that may lead the markets as economies start to open up after the lockdown, a theme that was covered in our previous notes on Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (Nasdaq: LYFT), and Applied Optoelectronics seems…

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