U.S. chip, storage and optical networking stocks slide, with SanDisk and Corning among the biggest decliners

News Editor

2026-07-16 13:55:40

U.S. semiconductor shares broadly moved lower on July 16, according to BlockBeats, with losses spreading across chip, storage and optical communications names. Arm fell 6.40%, Marvell Technology dropped 6.20%, Micron Technology lost 5.12%, Qualcomm fell 4.40%, Intel declined 4.21%, AMD slipped 3.91%, Broadcom dropped 3.79%, and Nvidia fell 2.24%. The sell-off was sharper in storage stocks. SanDisk fell 8.77%, Seagate Technology dropped 7.70%, Western Digital lost 7.51%, SK Hynix declined 7.46%, and Micron Technology was down 5.12%. Optical communications names were also among the session’s weaker performers. Corning fell 8.17%, Astera Labs dropped 6.57%, Applied Optoelectronics lost 6.44%, Nokia declined 6.00%, Credo fell 5.63%, and Coherent dropped 5.57%.

U.S. stocksSemiconductorsStorage stocksOptical communicationsSanDiskCorningNvidia

U.S. semiconductor stocks broadly traded lower on July 16, according to BlockBeats. Arm fell 6.40%, Marvell Technology dropped 6.20%, Micron Technology lost 5.12%, Qualcomm declined 4.40%, Intel fell 4.21%, AMD slipped 3.91%, Broadcom dropped 3.79%, and Nvidia was down 2.24%.

Storage names post steeper losses

Storage stocks saw heavier declines across the board. SanDisk fell 8.77%, Seagate Technology dropped 7.70%, Western Digital lost 7.51%, SK Hynix declined 7.46%, and Micron Technology was down 5.12%.

Optical communications stocks remain under pressure

Optical communications names were also among the biggest decliners. Corning fell 8.17%, Astera Labs dropped 6.57%, Applied Optoelectronics lost 6.44%, Nokia declined 6.00%, Credo fell 5.63%, and Coherent dropped 5.57%.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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