Applied Optoelectronics (AAOI) shares rallied 21% in the last trading session to close at $45.23. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.8% gain over the past four weeks.Applied Optoelectronics is benefiting from strong demand in the CATV market, growth in data center revenue, and increasing adoption of its 400G and 800G transceiver products.This maker of fiber optic products used by cable TV provi ...