AAOI plummets by over 17%, leading to the collapse of the optical communication sector and structural selling pressure caused by a $600 million market price equity issuance BlockBeats news, on August 24th, according to BIT (bit. com) market data, the US stock market opened with a significant setback in the optical communication sector, with AAOI plummeting by more than 17%. It is planned to conduct a $600 million market price equity issuance, which will bring short-term structural selling pressure and sustained suppression to the stock price. Among them, the Roundhill Optical Module ETF (LYTE) fell 7.3%; Pure photonics ETF FOTO fell 5.8%; Applied Optoelectronics (AAOI) fell 17.47%; Corning (GLW) fell 4.4%; Coherent (COHR) fell 8.4%; Maiweier Technology (MRVL) fell 6.9%; LITE (Lumentum Holdings) fell 7.5%; CIEN (Ciena Corporation) fell 7.3%. Applied Optoelectronics (AAOI) announced on August 21 that it has signed an equity distribution agreement with Raymond James and Needham&Company, launching a market value additional issuance (ATM) program of up to $600 million. The company can sell its common stock in batches at market prices at any time, without any obligation to sell, and can be suspended or terminated at any time, mainly for flexible financing to support business expansion.