U.S. market semiconductor and storage sectors narrow losses as QCOM and AMD turn positive

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On July 22, 2026, the U.S. market saw the semiconductor, storage, and optical communication sectors narrow their losses after the open, with the Fear & Greed Index showing early signs of stabilization. Qualcomm (QCOM) and AMD (AMD) turned positive, rising 1.61% and 0.18%, respectively. NVIDIA (NVDA), Broadcom (AVGO), and Marvell Technology (MRVL) remained slightly negative, while SK Hynix (SKHY) fell 3.96%. In the storage sector, Seagate (STX) and Western Digital (WDC) reversed into gains, while Micron (MU) and Toshiba Memory (SNDK) declined. Optical communication stocks showed mixed performance, with Credo (CRDO) up 0.18% and Applied Optoelectronics (AAOI) down 3.66%. The digital asset market remained closely watched amid broader tech sector volatility.

ChainThink reports that on July 22, following the open of U.S. equities on Wednesday, most semiconductor, memory, and optical communications stocks continued to decline, but the overall losses narrowed significantly compared to pre-market levels.

Qualcomm (QCOM) turned from a decline to an increase of 1.61%, while AMD (AMD) rose 0.18%.

Among semiconductor stocks, NVIDIA (NVDA) fell 0.19%, Broadcom (AVGO) fell 0.26%, Marvell Technology (MRVL) fell 0.59%, Intel (INTC) fell 0.73%, and SK Hynix (SKHY) fell 3.96%.

In the storage sector, Seagate Technology (STX) turned from a decline to a gain of 0.50%, while Western Digital (WDC) rose 0.10%. Micron Technology (MU) fell 1.21%, SanDisk (SNDK) dropped 1.98%, and SK Hynix (SKHY) declined 3.96%.

Among optical communication stocks, Credo (CRDO) turned from a decline to a gain of 0.17%, Lumentum (LITE) fell 0.54%, Coherent (COHR) and Astera Labs (ALAB) both dropped 0.75%, Ciena (CIEN) declined 1.04%, and Applied Optoelectronics (AAOI) fell 3.66%.

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