U.S. Stocks Open: Semiconductor, Storage, and Optical Communication Sectors Trim Losses, QCOM, AMD, and Other Stocks Reverse Declines

BlockBeats News, July 22nd, according to BIT (bit.com) market data, after the opening of the U.S. stock market on Wednesday, most semiconductor, storage, and optical communication stocks continued to fall, but the overall decline narrowed significantly from pre-market.

In the semiconductor sector, Qualcomm (QCOM) reversed from a decline to rise by 1.61%, AMD (AMD) rose by 0.18%; Nvidia (NVDA) fell by 0.19%, Broadcom (AVGO) fell by 0.26%, Marvell Technology (MRVL) fell by 0.59%, Intel (INTC) fell by 0.73%, and Skyworks Solutions (SKHY) fell by 3.96%.

In the storage sector, Seagate Technology (STX) reversed from a decline to rise by 0.50%, Western Digital (WDC) rose by 0.10%; Micron Technology (MU) fell by 1.21%, SanDisk (SNDK) fell by 1.98%, and Skyworks Solutions (SKHY) fell by 3.96%.

Among optical communication concept stocks, Credo (CRDO) reversed from a decline to rise by 0.17%; Lumentum (LITE) fell by 0.54%, Coherent (COHR) and Astera Labs (ALAB) both fell by 0.75%, Ciena (CIEN) fell by 1.04%, Applied Optoelectronics (AAOI) fell by 3.66%.