U.S. stocks tied to semiconductors, memory and optical communications moved lower in Wednesday premarket trading, according to market data from BIT (bit.com) cited by BlockBeats on Sept. 2. The decline was broad but mostly modest across semiconductor names, including Lam Research, Intel, Applied Materials and Arm. Memory stocks also traded lower, with SK Hynix, Micron Technology, Western Digital, SanDisk and Seagate Technology all in the red before the open. Optical networking and related names showed the sharpest weakness among the groups mentioned. Astera Labs, Applied Optoelectronics, Coherent and Lumentum all posted declines, while Credo stood out with an 8.77% drop, the steepest fall among the listed stocks. The move reflected a generally softer tone across the three hardware-related segments in premarket trading rather than an isolated decline in a single name.
U.S. premarket trading turned slightly weaker across semiconductor, memory and optical communications stocks on Wednesday, according to BIT (bit.com) market data cited by BlockBeats on Sept. 2.
Semiconductor names edged lower before the open
Losses were spread across major semiconductor stocks. Lam Research (LRCX) fell 0.2%, Intel (INTC) dropped 1.01%, Applied Materials (AMAT) slipped 0.42%, and Arm (ARM) declined 1.09%.
Memory stocks also moved down
The memory segment tracked lower as well. SK Hynix (SKHY) fell 0.93%, Micron Technology (MU) lost 0.6%, Western Digital (WDC) was down 0.65%, SanDisk (SNDK) slipped 0.58%, and Seagate Technology (STX) fell 0.68%.
Optical communications shares saw steeper losses
Optical communications and related stocks were among the weakest names in the group. Astera Labs (ALAB) fell 1.3%, Applied Optoelectronics (AAOI) lost 1.14%, Coherent (COHR) dropped 1%, Credo (CRDO) fell 8.77%, and Lumentum (LITE) was down 1.2%.
Among the stocks listed, CRDO posted the largest decline.
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