Semiconductor, optical communication, and storage stocks rise in pre-market trading

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Semiconductor, optical communication, and storage stocks rose in pre-market trading as the Fear & Greed Index showed early signs of optimism. Astera Labs (ALAB) climbed 8.95%, Applied Optoelectronics (AAOI) gained 8.42%, and SK Hynix (SKHY) rose 7.07%. Trading volume in the sector increased noticeably, reflecting stronger investor participation ahead of the market open.

BlockBeats news, on July 31, according to BIT (bit.com) market data, ahead of Friday’s U.S. market open, the semiconductor, optical communication, and storage sectors continued their upward momentum from yesterday, with all segments strengthening.


Semiconductor stocks rose broadly, with Marvell Technology (MRVL) up 7.75%, Arm (ARM) up 7.58%, SK Hynix (SKHY) up 7.07%, Intel (INTC) up 5.85%, Lam Research (LRCX) up 5.10%, AMD (AMD) up 4.74%, and KLA Corporation (KLAC) up 4.68%.


Optical communication stocks led gains, with Astera Labs (ALAB) up 8.95%, Applied Optoelectronics (AAOI) up 8.42%, Marvell Technology (MRVL) up 7.75%, Coherent (COHR) up 7.24%, Credo (CRDO) up 7.02%, and Lumentum (LITE) up 6.72%.


The storage sector rose in tandem, with SK Hynix (SKHY) up 7.07%, Western Digital (WDC) up 6.44%, SanDisk (SNDK) up 6.25%, Seagate Technology (STX) up 5.44%, and Micron Technology (MU) up 4.56%.

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