US stocks tied to semiconductors, memory and optical communications moved lower in Monday premarket trading on Aug. 24, according to market data from BIT (bit.com). Chip names broadly posted modest losses, including Lam Research (LRCX), Intel (INTC), Applied Materials (AMAT), and Arm (ARM). Memory-related stocks also traded lower, with SK Hynix (SKHY), Micron Technology (MU), Western Digital (WDC), SanDisk (SNDK), and Seagate Technology (STX) all in the red. Optical communications names saw some of the steeper declines in the group. Astera Labs (ALAB), Coherent (COHR), Credo (CRDO), and Lumentum (LITE) each fell, while Applied Optoelectronics (AAOI) dropped 11.66%, the largest decline among the stocks listed in the report.
US semiconductor, memory and optical communications stocks were broadly lower in Monday premarket trading on Aug. 24, according to market data from BIT (bit.com).
Semiconductor names edge lower
Among chip stocks, Lam Research (LRCX) fell 2.39%, Intel (INTC) dropped 1.7%, Applied Materials (AMAT) lost 2.05%, and Arm (ARM) was down 1.96%.
Memory stocks also decline
Memory-related shares moved lower as well. SK Hynix (SKHY) fell 3.02%, Micron Technology (MU) declined 3.18%, Western Digital (WDC) lost 2.61%, SanDisk (SNDK) dropped 4.08%, and Seagate Technology (STX) was down 2.94%.
Optical communications stocks lead losses
In optical communications, Astera Labs (ALAB) fell 4.11%, Applied Optoelectronics (AAOI) dropped 11.66%, Coherent (COHR) lost 4.16%, Credo (CRDO) declined 3.34%, and Lumentum (LITE) was down 4.35%.
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