Huoxing Finance reports that on July 16, U.S. semiconductor stocks generally declined. Arm fell 6.40%, Marvell Technology dropped 6.20%, Micron Technology slid 5.12%, Qualcomm declined 4.40%, Intel fell 4.21%, AMD dropped 3.91%, Broadcom decreased 3.79%, and NVIDIA fell 2.24%. The storage sector suffered broad losses, with SanDisk down 8.77%, Seagate Technology down 7.70%, Western Digital down 7.51%, SK Hynix down 7.46%, and Micron Technology down 5.12%. Among optical communications stocks, Corning fell 8.17%, Astera Labs dropped 6.57%, Applied Optoelectronics declined 6.44%, Nokia slid 6.00%, Credo fell 5.63%, and Coherent dropped 5.57%.
U.S. chip, storage, and optical communication stocks sharply decline on July 16
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Summary
On July 16, 2026, the Fear and Greed Index showed a sharp shift as U.S. chip stocks plunged, with Arm down 6.40%, Marvell Technology down 6.20%, and Micron Technology down 5.12%. On-chain data reflected broader weakness, with Qualcomm down 4.40%, Intel down 4.21%, and AMD down 3.91%. Storage sector stocks also declined, with SanDisk down 8.77%, Seagate Technology down 7.70%, and Western Digital down 7.51%. Optical communication stocks were severely impacted, with Corning down 8.17%, Astera Labs down 6.57%, and Applied Optoelectronics down 6.44%.
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