U.S. Stocks Open Higher, Storage, Optics, and Semiconductor Stocks Rally, MRVL Surges Over 12%

BlockBeats News, August 19th, according to BIT (bit.com) market data, the U.S. stock market opened on Wednesday, with storage stocks rising across the board. SkyHigh (SKHY) rose by 4.69%, Sandisk (SNDK) rose by 4.18%, Micron Technology (MU) rose by 1.59%, Seagate Technology (STX) rose by 0.94%, and Western Digital (WDC) rose by 0.37%.

Semiconductor stocks had mixed performances, with Maxwell Technology rising by 12.76%, Arm rising by 2.82%, Qualcomm (QCOM) rising by 2.66%, NVIDIA (NVDA) rising by 1.08%; Broadcom dropped by 2.01%, and Lam Research Corporation (LRCX) dropped by 1.00%.

Most optical communication stocks rose, with Applied Optoelectronics (AAOI) rising by 2.97%, Nokia (NOK) rising by 1.92%, Coherent (COHR) rising by 1.01%; Broadcom (AVGO) dropped by 2.01%.

The Neocloud sector mostly experienced declines, with Nebius (NBIS) dropping by 6.89%, Cipher Digital (CIFR) dropping by 2.64%, Hut 8 (HUT) dropping by 1.50%, Core Scientific (CORZ) dropping by 1.19%; CoreWeave (CRWV) bucked the trend and rose by 0.63%.