U.S. tech stocks rose on September 16, with Neocloud and semiconductor sectors leading the gains.

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On-chain data shows U.S. tech stocks rose on September 16, with the Nasdaq up 0.42% at open. Neocloud stocks led the gains, with Cipher Digital (CIFR) surging 8.75%. Shares in optical communications, storage, and semiconductors also advanced. On-chain analysis indicates strong buying momentum in the sector.

BlockBeats news, on September 16, according to BIT (bit.com) market data, U.S. stock indices opened higher, with the Dow Jones up 0.08%, the S&P 500 up 0.24%, and the Nasdaq up 0.42%.


The Neocloud sector led gains, with Cipher Digital (CIFR) up 8.75%, Core Scientific (CORZ) up 3.96%, Applied Digital (APLD) up 3.16%, TeraWulf (WULF) up 3.11%, and CoreWeave (CRWV) up 3.07%.


Optical communication stocks rose collectively, with Nokia (NOK) up 5.60%, Coherent (COHR) up 4.61%, Credo (CRDO) up 4.60%, Ciena (CIEN) up 3.34%, and Astera Labs (ALAB) up 3.01%.


The storage sector rose broadly, with Western Digital (WDC) up 3.12%, SK hynix (SKHY) up 2.79%, Seagate Technology (STX) up 1.94%, Micron Technology (MU) up 0.61%, and SanDisk (SNDK) up 0.47%.


Most semiconductor stocks rose, with Intel (INTC) up 5.88%, Arm (ARM) up 3.30%, AMD up 2.97%, and Marvell Technology (MRVL) up 2.17%.

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