U.S. stocks closed with Neocloud, storage, and optical communication stocks broadly declining; IREN fell nearly 8%, and Nvidia dropped over 5%.

BlockBeats news, November 11 - According to data from the BIT stock platform, U.S. stocks closed on Tuesday (November 10) with the Dow down 0.30%, the S&P 500 down 0.38%, and the Nasdaq down 0.74%.

Neocloud stocks led the declines, with IREN down 7.85%, Nebius (NBIS) down 5.27%, Cipher Digital (CIFR) down 4.11%, and Galaxy Digital (GLXY) down 2.76%; Core Scientific (CORZ) bucked the trend and rose 3.22%, while TeraWulf (WULF) gained 1.45%.

Storage stocks fell across the board, with SK Hynix (SKHY) down 3.51%, SanDisk (SNDK) down 2.99%, Micron Technology (MU) down 1.10%, Seagate Technology (STX) down 0.89%, and Western Digital (WDC) down 0.20%.

Most optical communication concept stocks declined, with Applied Optoelectronics (AAOI) down 7.26%, Coherent (COHR) down 4.64%, Corning (GLW) down 3.27%, Credo (CRDO) down 2.33%, and Lumentum (LITE) down 1.78%; Broadcom (AVGO) rose 3.91%, and Ciena (CIEN) gained 0.98%.

Semiconductor stocks were mixed, with Nvidia (NVDA) down 5.53%, Arm (ARM) down 2.58%, and Intel (INTC) down 2.09%; Broadcom (AVGO) rose 3.91%, TSMC (TSM) gained 2.05%, and AMD rose 1.30%.