Semiconductor and storage stocks rise in pre-market trading; SK Hynix ADR surges 6.9%.

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The Fear and Greed Index reflected slight optimism as semiconductor and storage stocks rose in pre-market trading on July 23. Lam Research (LRCX) increased by 1.31%, Intel (INTC) gained 2.63%, and SK Hynix (SKHY) surged 6.91%. Storage and optical communication stocks also advanced, with Applied Optoelectronics (AAOI) up 4.06%. While the digital asset market remained volatile, tech-driven sectors demonstrated resilience. Micron (MU) rose 3.07%, and Lumentum (LITE) climbed 3.13%.

Huo Xing Finance reports that on July 23, according to BIT (bit.com) market data, prior to the U.S. stock market open on Thursday, the semiconductor, memory, and optical communications sectors all showed modest gains. Semiconductor stocks generally rose: Lam Research (LRCX) increased 1.31%, Intel (INTC) rose 2.63%, Applied Materials (AMAT) gained 1.98%, and Arm (ARM) climbed 0.56%. The memory sector led the gains, with SK Hynix (SKHY) up 6.91%, Micron Technology (MU) up 3.07%, Western Digital (WDC) up 2.5%, SanDisk (SNDK) up 1.85%, and Seagate Technology (STX) up 2.6%. Optical communications stocks also advanced: Astera Labs (ALAB) rose 1.39%, Applied Optoelectronics (AAOI) gained 4.06%, Coherent (COHR) increased 2.33%, Credo (CRDO) rose 2.52%, and Lumentum (LITE) climbed 3.13%.

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