U.S. stocks opened with broad declines in Neocloud, storage, semiconductor, and optical communications shares, with NBIS falling over 6%.

BlockBeats news, November 13 - According to data from the BIT stock platform, Neocloud, storage, semiconductor, and optical communication stocks broadly declined at the U.S. stock market open.

Neocloud stocks led the declines, with Nebius (NBIS) down 6.11%, IREN down 3.59%, Hut 8 (HUT) down 2.84%, Applied Digital (APLD) down 2.74%, and Cipher Digital (CIFR) down 2.52%.

Storage stocks fell across the board, with SK Hynix (SKHY) down 2.50%, Micron Technology (MU) down 1.37%, SanDisk (SNDK) down 1.18%, Western Digital (WDC) down 1.05%, and Seagate Technology (STX) down 0.92%.

Most semiconductor stocks declined, with AMD down 2.97%, Applied Materials (AMAT) down 2.27%, Broadcom (AVGO) down 1.87%, and Arm (ARM) down 1.51%; Nvidia (NVDA) bucked the trend to rise 0.44%, and TSMC (TSM) gained 0.38%.

Optical communication concept stocks all moved lower, with Broadcom (AVGO) down 1.87%, Lumentum (LITE) down 1.38%, Marvell Technology (MRVL) down 1.27%, Nokia (NOK) down 0.97%, and Corning (GLW) down 0.95%.

Correction/Report

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