U.S. stocks tied to crypto traded lower ahead of the open on Oct. 16, according to market data from BIT (bit.com), while optical networking names mostly moved higher and semiconductor and storage stocks showed mixed performance. In the semiconductor and storage group, Seagate Technology fell 0.16%, Western Digital dropped 1.20%, Sandisk lost 1.69%, Micron Technology declined 1.53%, Intel slipped 0.73%, and AMD fell 1.58%, while Nvidia rose 0.41%. Among crypto-related stocks, Strategy fell 2.66%, Coinbase dropped 1.15%, Circle lost 1.81%, BitMine Immersion fell 0.92%, and SharpLink Gaming declined 1.34%. In optical communications, Marvell Technology fell 0.85%, while Applied Optoelectronics rose 2.11%, Lumentum Holdings gained 0.80%, Coherent Corp. added 1.25%, Ciena Corporation rose 1.20%, and AXT Inc. advanced 0.74%.
Crypto-linked U.S. stocks were lower in premarket trading on Oct. 16, according to market data from BIT (bit.com), while optical communications names mostly rose and semiconductor and storage stocks traded mixed.
Semiconductor and storage stocks were mixed
Seagate Technology (STX) fell 0.16%, Western Digital (WDC) dropped 1.20%, Sandisk (SNDK) lost 1.69%, Micron Technology (MU) declined 1.53%, Nvidia (NVDA) gained 0.41%, Intel (INTC) slipped 0.73%, and Advanced Micro Devices (AMD) fell 1.58%.
Crypto-related stocks moved lower
Strategy (MSTR) fell 2.66%, Coinbase (COIN) dropped 1.15%, Circle (CRCL) lost 1.81%, BitMine Immersion (BMNR) declined 0.92%, and SharpLink Gaming (SBET) fell 1.34%.
Optical communications stocks mostly gained
Marvell Technology (MRVL) fell 0.85%, while Applied Optoelectronics (AAOI) rose 2.11%, Lumentum Holdings (LITE) added 0.80%, Coherent Corp. (COHR) gained 1.25%, Ciena Corporation (CIEN) rose 1.20%, and AXT Inc. (AXTI) advanced 0.74%.
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