After the CPI Release, Pre-market Rally in US Stocks for Semiconductor, Optical Communication, and Storage Sectors

BlockBeats News, July 14th, according to BIT (bit.com) market data, pre-market trading in the U.S. stock market saw a general rise in semiconductor stocks. Marvell Technology (MRVL) was up 5.7%, Intel (INTC) was up 3.89%, Arm (ARM) was up 3.71%, and Applied Materials (AMAT) was up 6.53%.

Optical communication concept stocks led the gains in pre-market trading, with Corning (GLW) up 5.4%, Applied Optoelectronics (AAOI) up 6.26%, Coherent (COHR) up 4.05%, Astera Labs (ALAB) up 6%, and Credo (CRDO) up 6.36%.

The storage sector also showed strength, with Seagate Technology (STX) up 5.43%; Western Digital (WDC) up 5.3%; SanDisk (SNDK) up 6.54%; Micron Technology (MU) up 5.03%.

Earlier, the U.S. reported that the June non-seasonally adjusted CPI year-on-year growth rate was 3.5% (previously 4.2%), below market expectations of 3.8%.