U.S. semiconductor and storage stocks stabilize after sharp declines at the open of the trading session.

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QCOM
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AMD
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STX
$0.16890.17%
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WDC
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CRDO
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The Fear and Greed Index dipped slightly as U.S. semiconductor and storage stocks opened lower on July 22 but quickly recovered their losses. Qualcomm (QCOM) and AMD (AMD) turned positive, rising 1.61% and 0.18%, respectively, while NVIDIA (NVDA) and Broadcom (AVGO) remained in negative territory. Open interest in the sector showed mixed momentum, with Seagate (STX) and Western Digital (WDC) advancing, while Micron (MU) and SanDisk (SNDK) continued to decline. Optical communication stocks were divided, with Credo (CRDO) edging up slightly and Applied Optoelectronics (AAOI) falling 3.66%.

BlockBeats news, on July 22, according to BIT (bit.com) market data, after the opening of U.S. equities on Wednesday, most semiconductor, memory, and optical communication stocks continued to decline, but the overall losses narrowed significantly compared to pre-market levels.


In the semiconductor sector, Qualcomm (QCOM) turned from a decline to a 1.61% gain, and AMD (AMD) rose 0.18%; NVIDIA (NVDA) fell 0.19%, Broadcom (AVGO) dropped 0.26%, Marvell Technology (MRVL) declined 0.59%, Intel (INTC) fell 0.73%, and SK Hynix (SKHY) slid 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) reversed its decline to rise 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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