US markets opened higher on Aug 12 as investors embraced mild inflation data. The Dow rose 0.33%, the S&P 500 gained 0.49%, and the Nasdaq climbed 0.9%, according to Bitget data. Storage, chip, optical communications and neocloud stocks all strengthened. SanDisk jumped 6.9%, SK Hynix rose 5.8% and Micron added 5.5%. Among neocloud names, CRWV surged 22%, NBIS climbed 15.21% and IREN gained 10%. Optical names also advanced, with LITE up 9.88%, GLW up 5.64%, AAOI up 4.71% and MRVL up 6%.
US stocks opened higher on August 12 as investors embraced a mild inflation reading. According to Bitget market data, the Dow rose 0.33%, the S&P 500 gained 0.49%, and the tech-heavy Nasdaq climbed 0.9%.
Individual stocks showed broad strength across storage, chip, optical communications and neocloud sectors, based on data from BIT(bit.com).
- SanDisk rose 6.9%;
- SK Hynix gained 5.8%;
- Micron Technology advanced 5.5%.
Neocloud names were particularly strong. CRWV soared 22%, NBIS jumped 15.21%, and IREN climbed 10%.
Optical communication stocks also rallied, with LITE up 9.88%, GLW up 5.64%, AAOI up 4.71% and MRVL up 6%.
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