Serenity kept AAOI as its top U.S. stock long idea on June 5, saying it would keep buying on pullbacks near $170 or $150 even as the shares eased in premarket trading.
AAOI rose 10% against the broader trend on the previous day as bullish commentary centered on demand for 800G/1.6T optical transceivers. On June 5, Serenity said AAOI was its top long idea among U.S. stocks and that it would continue buying in batches if the share price pulled back near $170 or even around $150. Bitget data showed AAOI down 2.7% premarket at $197.41. Serenity had earlier described the stock as a buy-on-dips name since $28 and argued it could double or triple if execution remains strong, while also pointing to unconfirmed AMD/NVDA partnership rumors that could tighten supply, raise ASPs and expand gross margin. Serenity also cited JBL, Reddit parent RDDT and chipmaker MRVL as names worth watching for AI-related growth.