U.S. Stock Futures: Semiconductor, Storage, and Optoelectronics Sectors Down in Pre-market; AAOI Falls Over 11%

BlockBeats News, August 24th, according to BIT (bit.com) market data, the pre-market trading of US stocks on Monday saw a slight decline in the semiconductor, storage, and optical communication sectors.

Semiconductor stocks were mostly down, with Lam Research Corporation (LRCX) down 2.39%, Intel Corporation (INTC) down 1.7%, Applied Materials (AMAT) down 2.05%, and Arm down 1.96%.

The storage sector also experienced simultaneous declines, with SkyHigh Memory (SKHY) down 3.02%, Micron Technology (MU) down 3.18%, Western Digital Corporation (WDC) down 2.61%, SanDisk (SNDK) down 4.08%, and Seagate Technology (STX) down 2.94%.

Stocks related to optical communication saw the largest declines, with Astera Labs (ALAB) down 4.11%, Applied Optoelectronics (AAOI) down 11.66%, Coherent (COHR) down 4.16%, Credo (CRDO) down 3.34%, and Lumentum Holdings (LITE) down 4.35%.