Why Is AAOI Stock Price Down 13.77% Today, August 24? $600M Share Sale Plan Pressures Shares

Applied Optoelectronics slid 13.77% after announcing a $600M at-the-market equity program, introducing near-term dilution and supply overhang risk following a strong prior run-up. The financing headline appears to be the primary catalyst, with broader tech weakness acting as an amplifier. Near-term trading is likely to remain sensitive to clarity on use of proceeds and whether price can stabilize after breaking key recovery levels.