Semiconductor and storage stocks rise in pre-market trading; SK Hynix ADR surges 7%.

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The Fear and Greed Index showed slight improvement as semiconductor and storage stocks rose in pre-market trading on July 23. SK Hynix ADR (SKHY) climbed nearly 7%, with Micron (MU) and Western Digital (WDC) also posting gains. Optical communication names such as Applied Optoelectronics (AAOI) and Lumentum (LITE) rose alongside. The digital asset market remained volatile, but positive momentum in tech shares suggests improving risk appetite.

ChainThink reports that on July 23, according to BIT market data, semiconductor, memory, and optical communication stocks in the U.S. market edged higher in pre-market trading, with Hynix ADR rising nearly 7%.

Semiconductor stocks rose broadly: Lam Research (LRCX) increased 1.31%, Intel (INTC) rose 2.63%, Applied Materials (AMAT) gained 1.98%, and Arm (ARM) climbed 0.56%.

The storage sector led 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%.

Among optical communication stocks, Astera Labs (ALAB) rose 1.39%, Applied Optoelectronics (AAOI) rose 4.06%, Coherent (COHR) rose 2.33%, Credo (CRDO) rose 2.52%, and Lumentum (LITE) rose 3.13%.

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