Pre-market: US Semiconductor, Storage, and Optoelectronics sectors see slight gains, Micron ADR up nearly 7%

BlockBeats News, July 23rd, according to BIT (bit.com) market data, the US stock market showed a slight increase in the semiconductor, storage, and optical communication sectors in pre-market trading on Thursday.

Semiconductor stocks rose across the board, with Lam Research Corporation (LRCX) up 1.31%, Intel Corporation (INTC) up 2.63%, Applied Materials (AMAT) up 1.98%, and Arm up 0.56%.

The storage sector led the gains, with Skyhigh Memory (SKHY) up 6.91%, Micron Technology (MU) up 3.07%, Western Digital (WDC) up 2.5%, SanDisk (SNDK) up 1.85%, and Seagate Technology (STX) up 2.6%.

Stocks related to optical communication also saw a simultaneous rise, with Astera Labs (ALAB) up 1.39%, Applied Optoelectronics (AAOI) up 4.06%, Coherent (COHR) up 2.33%, Credo (CRDO) up 2.52%, and Lumentum Holdings (LITE) up 3.13%.