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

icon MarsBit
Share
This is the logo of the coin.
LRCX
----
This is the logo of the coin.
INTC
----
This is the logo of the coin.
AMAT
----
This is the logo of the coin.
ARM
----
This is the logo of the coin.
SKHY
----
AI summary iconSummary
U.S. pre-market trading on July 31 showed strong gains in semiconductor, storage, and optical communication stocks amid a shifting Fear & Greed Index. Lam Research (LRCX), Intel (INTC), Applied Materials (AMAT), and Arm (ARM) all posted increases. SK Hynix (SKHY) rose over 6%, while Micron (MU), Western Digital (WDC), and SanDisk (SNDK) also advanced. Astera Labs (ALAB) and Applied Optoelectronics (AAOI) saw significant gains, supported by rising trading volume.

Huo Xing Finance reports that, as of July 31, according to BIT (bit.com) market data, the semiconductor, memory, and optical communications sectors in U.S. stocks all rose in tandem ahead of Friday’s market open. Semiconductor stocks generally advanced, with Lam Research (LRCX) up 3.81%, Intel (INTC) up 5.67%, Applied Materials (AMAT) up 3.83%, and Arm (ARM) up 5.99%. The memory sector led gains, with SK Hynix (SKHY) rising 6.45%, Micron Technology (MU) up 3.35%, Western Digital (WDC) up 4.48%, SanDisk (SNDK) up 4.41%, and Seagate Technology (STX) up 2.91%. Optical communications stocks also rose in tandem, with Astera Labs (ALAB) up 8.78%, Applied Optoelectronics (AAOI) up 6.6%, Coherent (COHR) up 5.94%, Credo (CRDO) up 6.28%, and Lumentum (LITE) up 4.47%.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.