U.S. premarket trading on Wednesday showed broad weakness across semiconductor, memory and optical communications names, according to market data from BIT (bit.com) cited by BlockBeats on July 22. Semiconductor stocks were lower across the board, with Lam Research (LRCX) down 3.57%, Intel (INTC) off 3.51%, Applied Materials (AMAT) falling 3.44%, and Arm (ARM) losing 3.01%. Memory names posted some of the steepest declines in the group. SK Hynix (SKHY) fell 6.57%, while Micron Technology (MU) dropped 3.76%, Western Digital (WDC) slid 3.59%, SanDisk (SNDK) lost 3.38%, and Seagate Technology (STX) was down 3.13%. Optical communications stocks also moved lower in tandem, including Astera Labs (ALAB), Applied Optoelectronics (AAOI), Coherent (COHR), Credo (CRDO), and Lumentum (LITE). The data reflects premarket price action only.
U.S. semiconductor, memory and optical communications stocks moved lower across the board in Wednesday premarket trading, according to BIT (bit.com) market data cited by BlockBeats on July 22.
Semiconductor names trade lower
Among chip stocks, Lam Research (LRCX) fell 3.57%, Intel (INTC) dropped 3.51%, Applied Materials (AMAT) lost 3.44%, and Arm (ARM) was down 3.01%.
Memory stocks lead declines
Memory names posted the biggest losses in the group. SK Hynix (SKHY) fell 6.57%, Micron Technology (MU) dropped 3.76%, Western Digital (WDC) slid 3.59%, SanDisk (SNDK) lost 3.38%, and Seagate Technology (STX) was down 3.13%.
Optical communications stocks also weaken
Optical communications names also traded lower, with Astera Labs (ALAB) down 3.94%, Applied Optoelectronics (AAOI) off 3.38%, Coherent (COHR) falling 3.23%, Credo (CRDO) down 2.93%, and Lumentum (LITE) losing 2.84%.
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