Forget Micron: These Two Russell 2000 Stocks Are Quietly Delivering Triple-Digit Gains

Bloom Energy (BE) and Applied Optoelectronics (AAOI) are outperforming Micron Technology with year-to-date gains of 169.57% and 402.38% respectively. Both companies are benefiting from AI infrastructure buildout—BE provides on-site fuel cells for data centers while AAOI supplies optical transceivers for AI chip connectivity. Major analysts have reiterated 'Outperform' ratings for both stocks, though they trade at elevated valuations of ~110-117x forward earnings.