U.S. stocks opened with Neocloud, semiconductor, optical communication, and storage shares all declining, with Intel dropping over 29%.

BlockBeats news, October 30 - According to data from the BIT stock platform, at the U.S. stock market open, Neocloud, semiconductor, optical communication, and storage stocks all fell.

Among semiconductor stocks, Intel (INTC) fell 29.35%, AMD fell 10.22%, Arm (ARM) fell 10.01%, Marvell Technology (MRVL) fell 7.36%, and Nvidia (NVDA) fell 3.11%.

Neocloud stocks saw the steepest declines, with Hut 8 (HUT) down 10.20%, Cipher Digital (CIFR) down 9.38%, CoreWeave (CRWV) down 9.24%, TeraWulf (WULF) down 9.18%, Nebius (NBIS) down 8.81%, and Core Scientific (CORZ) down 8.59%.

Optical communication concept stocks also moved lower, with Coherent (COHR) down 9.04%, Applied Optoelectronics (AAOI) down 8.90%, Astera Labs (ALAB) down 7.73%, Ciena (CIEN) down 7.55%, and Nokia (NOK) down 7.38%.

Storage stocks fell across the board, with SanDisk (SNDK) down 9.26%, SK Hynix (SKHY) down 6.97%, Micron Technology (MU) down 5.56%, Western Digital (WDC) down 5.51%, and Seagate Technology (STX) down 5.21%.