The US stock market saw a collective strength in the semiconductor, optical communication, and storage sectors, with CRDO up over 11% and Western Digital up over 9%.

BlockBeats News, July 6th, according to BIT (bit.com) market data, US chip stocks collectively strengthened. AMD rose by 8.13%, Broadcom (AVGO) rose by 5.48%, Arm (ARM) rose by 5.39%, Qualcomm (QCOM) rose by 5.15%, TSMC (TSM) rose by 4.81%, Intel (INTC) rose by 3.79%, Marvell Technology (MRVL) rose by 3.70%.

Fiber optic concept stocks led the gains, with Credo (CRDO) rising by 11.14%, Astera Labs (ALAB) rising by 10.08%, Ciena (CIEN) rising by 4.57%, Coherent (COHR) rising by 4.53%, Applied Optoelectronics (AAOI) rising by 4.19%, Corning (GLW) rising by 3.90%.

The storage sector also saw a synchronous rise, with Western Digital (WDC) rising by 9.11%, Seagate Technology (STX) rising by 5.90%, SanDisk (SNDK) rising by 2.41%, Micron Technology (MU) rising by 1.72%.