U.S. chip, optical communication, and storage stocks rally on July 6

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Summary

On July 6, a market rally occurred in the U.S. chip, optical communication, and storage sectors. AMD rose 8.13%, Broadcom 5.48%, and Arm 5.39%. On-chain data indicated strong buying momentum in the optical space, with Credo up 11.14%. Western Digital gained 9.11% in the storage sector.

BlockBeats news, on July 6, according to BIT (bit.com) market data, U.S. semiconductor stocks rose collectively: AMD (AMD) up 8.13%, Broadcom (AVGO) up 5.48%, Arm (ARM) up 5.39%, Qualcomm (QCOM) up 5.15%, TSMC (TSM) up 4.81%, Intel (INTC) up 3.79%, and Marvell Technology (MRVL) up 3.70%.

Optical communication stocks led gains, with Credo (CRDO) up 11.14%, Astera Labs (ALAB) up 10.08%, Ciena (CIEN) up 4.57%, Coherent (COHR) up 4.53%, Applied Optoelectronics (AAOI) up 4.19%, and Corning (GLW) up 3.90%.

The storage sector rose in tandem, with Western Digital (WDC) up 9.11%, Seagate Technology (STX) up 5.90%, SanDisk (SNDK) up 2.41%, and Micron Technology (MU) up 1.72%.

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