Huo Xing Finance reports that, on September 2, according to BIT (bit.com) market data, prior to the U.S. stock market open on Wednesday, the semiconductor, memory, and optical communications sectors all experienced slight declines. Semiconductor stocks generally fell: Lam Research (LRCX) dropped 0.2%, Intel (INTC) fell 1.01%, Applied Materials (AMAT) declined 0.42%, and Arm (ARM) dropped 1.09%. The memory sector also declined in tandem: SK Hynix (SKHY) fell 0.93%, Micron Technology (MU) dropped 0.6%, Western Digital (WDC) declined 0.65%, SanDisk (SNDK) fell 0.58%, and Seagate Technology (STX) dropped 0.68%. Among optical communications stocks, Astera Labs (ALAB) fell 1.3%, Applied Optoelectronics (AAOI) declined 1.14%, Coherent (COHR) dropped 1%, Credo (CRDO) plunged 8.77%, and Lumentum (LITE) fell 1.2%.
Semiconductor, storage, and optical communication stocks decline in pre-market trading; CRDO falls more than 8%
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Summary
On September 2, 2026, semiconductor, storage, and optical communication stocks plunged in pre-market trading amid a crypto market downturn. Semiconductor names such as LRCX, INTC, AMAT, and ARM fell between 0.2% and 1.09%. Storage stocks including SKHY, MU, WDC, SNDK, and STX declined between 0.58% and 0.93%. Optical communication shares led the sell-off, with CRDO down 8.77%, AAOI at -1.14%, and ALAB at -1.3%. The Fear & Greed Index reflected heightened market anxiety.
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