Applied Optoelectronics Inc. (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. (UBER) and Lyft Inc. (LYFT), and Applied Optoelectronics seems to fit the bill.
Tech spending