U.S. stocks closed with the Nasdaq and S&P experiencing an "A-shape selloff," Intel fell another 9%, and optical communication leaders MRVL and LITE both plunged.

Nov 3, 07:57

November 3rd - According to data from the BIT stock platform, the US stock market closed with the Nasdaq and S&P experiencing an "A-share kill," with the Nasdaq 100 falling into a technical correction. Intel (INTC) dropped another 9%, and after optical module leader Marvell announced the acquisition of optical chip leader Lumentum, MRVL fell over 12%, accumulating a 32% decline over three days, while LITE plunged 18%. The semiconductor and storage, optical communication, and crypto concept sectors broadly declined.

Semiconductors and storage: Seagate Technology (STX) fell 7.88%; Western Digital (WDC) fell 7.52%; SanDisk (SNDK) fell 6.59%; Micron Technology (MU) fell 5.78%; NVIDIA (NVDA) fell 1.26%; Intel (INTC) fell 8.80%; Advanced Micro Devices (AMD) fell 7.52%.

Crypto concept: Strategy (MSTR) rose 0.19%; Coinbase (COIN) fell 3.98%; Circle (CRCL) fell 0.63%; BitMine (BMNR) fell 3.17%; SharpLink (SBET) fell 3.71%.

Optical communication: FOTO (FOTO) fell 8.08%; Marvell Technology (MRVL) fell 12.72%; Applied Optoelectronics (AAOI) fell 9.49%; Lumentum (LITE) fell 18.59%; Coherent (COHR) fell 4.93%; Ciena (CIEN) fell 11.34%; Fabrinet (FN) fell 3.85%; AXT (AXTI) fell 12.46%.