Pre-market: Semiconductor, Optoelectronics, and Storage Stocks in the U.S. see Losses Narrow, with Micron Technology ADR Up Over 3%, Intel and Western Digital Turn Green

BlockBeats News, July 17th, according to BIT (bit.com) market data, pre-market trading in the US stock market saw a rebound in semiconductor, optical communication, and storage stocks from their lows, with significant reductions in the declines of multiple targets. SK Hynix (SKHY) rose by 3.61%, after previously falling by nearly 4%; Sandisk (SNDK) reversed its losses to rise by 0.70%; Micron Technology (MU) turned losses into gains with a 0.07% increase.

In the semiconductor sector, ASML narrowed its decline to 0.98%, Broadcom (AVGO) fell by 1.85%, Marvell Technology (MRVL) fell by 1.96%, Nvidia (NVDA) dropped by 2.49%, and KLA Corporation (KLAC) declined by 2.94%.

The storage sector was the first to see a turnaround, with SK Hynix (SKHY) rising by 3.61%, Sandisk (SNDK) up by 0.70%, Micron Technology (MU) up by 0.07%; Seagate Technology (STX) narrowed its decline to 1.69%, while Western Digital (WDC) fell by 1.84%.

Optical communication concept stocks generally saw a reduction in declines, with Lumentum (LITE) falling by 1.61%, Nokia (NOK) down by 1.73%, Corning (GLW) down by 2.18%, Applied Optoelectronics (AAOI) down by 2.63%, and Astera Labs (ALAB) down by 3.01%.