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U.S. pre-market AI concept stocks and crypto stocks broadly decline, Strategy falls over 4%.

BlockBeats news, November 12, according to data from the BIT stock platform, Neocloud, optical communications, semiconductor, and storage stocks all fell in pre-market trading on the U.S. stock market.

Optical communications concept stocks broadly declined. Coherent (COHR) fell 4.9%, Lumentum (LITE) fell 4.02%, Credo (CRDO) fell 4.19%, Applied Optoelectronics (AAOI) fell 4.73%, Ciena (CIEN) fell 3.32%.

The Neocloud sector broadly declined. CoreWeave (CRWV) fell 6.8%, Nebius (NBIS) fell 1.29%, IREN fell 4.41%, Cipher Digital (CIFR) fell 3.38%, Astera Labs (ALAB) fell 3.81%.

Storage stocks broadly declined. SanDisk (SNDK) fell 3.77%, Seagate Technology (STX) fell 3.36%, Western Digital (WDC) fell 3.34%, Micron Technology (MU) fell 3.27%.

Crypto concept stocks declined. MARA Holdings (MARA) fell 2.74%, Robinhood (HOOD) fell 1.88%, Coinbase (COIN) fell 2.69%, Strategy (MSTR) fell 4.32%, Circle (CRCL) fell 2.77%, Bitmine (BMNR) fell 3.17%, BNB Standard (BNC) fell 2.58%.

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Strategy is shifting from relying on common stock issuance to using preferred stock as the primary funding mechanism for Bitcoin purchases.
Strategy currently holds 641,692 BTC and the mNav is currently reported as 0.979. There is currently no plan to stop accumulating.
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