U.S. Stock Futures Decline as Semiconductor, Storage, and Optoelectronics Sectors Drop Across the Board; Micron ADR Falls Over 6%

BlockBeats News, July 22nd, according to BIT (bit.com) market data, the U.S. stock market was down across the board in pre-market trading on Wednesday, with the semiconductor, storage, and optical communication sectors all in the red.

Semiconductor stocks experienced a widespread decline, with Lam Research (LRCX) down 3.57%, Intel (INTC) down 3.51%, Applied Materials (AMAT) down 3.44%, and Arm (ARM) down 3.01%.

The storage sector led the losses, with SkyHigh (SKHY) down 6.57%, Micron Technology (MU) down 3.76%, Western Digital (WDC) down 3.59%, SanDisk (SNDK) down 3.38%, and Seagate Technology (STX) down 3.13%.

Stocks related to optical communication also moved lower, with Astera Labs (ALAB) down 3.94%, Applied Optoelectronics (AAOI) down 3.38%, Coherent (COHR) down 3.23%, Credo (CRDO) down 2.93%, and Lumentum (LITE) down 2.84%.