Not easy—AAOI completed its third ATM stock offering this year. From February-April, June, late August, to today, they've sold $1.6 billion through three ATM stock offerings this year, and now the market cap is still under $10 billion. For companies in the AI industry chain with solid fundamentals but stagnant or declining stock prices, check their announcements—there’s an 80% chance they’ve issued more stock. Now that the selling pressure is gone, is it time for a wave?