U.S. Stocks Open: Semiconductor, Optical Communication, and Storage Stocks Extend Gains, AAOI and ALAB Both Surge Over 13%

Jul 31, 21:35

July 31st, according to BIT (bit.com) market data, after the opening of the U.S. stock market on Friday, the semiconductor, optical communication, and storage sectors generally strengthened, continuing the upward trend from yesterday. Most semiconductor stocks rose, with Marvell Technology (MRVL) up 8.54%, SkyHigh (SKHY) up 8.09%, Intel (INTC) up 6.90%, Arm (ARM) up 6.88%, Lam Research (LRCX) up 6.60%, Applied Materials (AMAT) up 6.34%, and AMD (AMD) up 6.13%.

Optical communication concept stocks led the gains, with Applied Optoelectronics (AAOI) up 13.38%, Astera Labs (ALAB) up 13.25%, Coherent (COHR) up 11.91%, Lumentum (LITE) up 10.12%, Corning (GLW) up 7.68%, and Credo (CRDO) up 7.15%.

The storage sector saw a broad-based rise, with SanDisk (SNDK) up 8.49%, SkyHigh (SKHY) up 8.09%, Western Digital (WDC) up 7.84%, Seagate Technology (STX) up 7.63%, and Micron Technology (MU) up 5.91%.