Pre-market semiconductor, optical communication, and storage stocks rise sharply

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LITE
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NOK
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MRVL
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MU
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INTC
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AI summary iconSummary
According to ChainThink, the Fear & Greed Index shifted as pre-market semiconductor, optical communication, and storage stocks surged on August 12. Lumentum (LITE) rose 7.73%, Nokia (NOK) increased 6.36%, while Marvell Technology (MRVL), Micron Technology (MU), and Intel (INTC) also posted gains. The movement occurred amid renewed optimism in the crypto and technology sectors.

ChainThink reports that on August 12, pre-market trading data showed gains across all semiconductor, optical communication, and storage stocks, with Lumentum (LITE) up 7.73% and Nokia (NOK) up 6.36%.

Semiconductor stocks rose broadly: Marvell Technology (MRVL) increased 3.08%, Micron Technology (MU) rose 2.36%, Intel (INTC) gained 2.19%, Applied Materials (AMAT) climbed 2.17%, and Lam Research (LRCX) advanced 2.13%.

Optical communication stocks led gains, with Coherent (COHR) up 5.12%, Applied Optoelectronics (AAOI) up 4.07%, Corning (GLW) up 3.02%, and Ciena (CIEN) up 2.97%.

The storage sector rose in tandem, with SanDisk (SNDK) up 3.38%, SK Hynix up 3.09%, Western Digital (WDC) up 2.53%, and Seagate Technology (STX) up 2.05%.

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