At the US market open on Thursday, August 6, semiconductor and optical communications stocks mostly traded higher, recovering from pre-market weakness, according to market data from BIT (bit.com). Within semiconductors, ASML advanced 2.17%, Arm gained 1.69%, Qualcomm rose 1.66%, Nvidia climbed 1.36%, and TSMC was up 1.18%. Optical communications names led the advance: Lumentum rose 2.66%, Corning added 2.04%, Astera Labs gained 1.70%, and Coherent edged up 1.27%. Storage names remained under pressure, though declines narrowed. Western Digital dropped 12.06%, SanDisk fell 5.62%, SK Hynix declined 4.45%, and Micron slipped 1.75%. Seagate was the exception, ticking up 0.25%.
U.S. semiconductor and optical communication stocks mostly turned higher at Thursday's open on August 6, recovering from pre-market weakness, according to data from BIT (bit.com).
Among semiconductor names, ASML gained 2.17%, Arm rose 1.69%, Qualcomm added 1.66%, Nvidia advanced 1.36%, and TSMC climbed 1.18%. Optical communications led the advance: Lumentum rose 2.66%, Corning gained 2.04%, Astera Labs was up 1.70%, and Coherent added 1.27%.
Storage names continued to lag, although declines narrowed. Western Digital fell 12.06%, SanDisk lost 5.62%, SK Hynix dropped 4.45%, and Micron slipped 1.75%. Seagate bucked the trend, edging up 0.25%.
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