U.S. AI concept stocks staged a broad rebound, while Nvidia fell 6.5% due to negative impact, and cryptocurrency concept stocks declined across the board.
November 9th, according to data from the BIT stock platform, the three major U.S. stock indices opened higher. The S&P 500 opened up 1.15%, the Nasdaq 100 rose 1.62%, and the Dow rose about 1.03%. SpaceX (SPCX) rose 2.71%.
Optical communication concept stocks rose broadly. Coherent (COHR) rose 7.10%, Ciena (CIEN) rose 6.43%, Lumentum (LITE) rose 5.60%, Credo (CRDO) rose 4.95%, and Applied Optoelectronics (AAOI) rose 0.74%.
The Neocloud sector had mixed performance. Astera Labs (ALAB) rose 5.77%, AST SpaceMobile (ASTS) rose 3.93%, Nebius (NBIS) rose 1.77%, while IREN fell 4.71%, Cipher Mining (CIFR) fell 2.22%, and CoreWeave (CRWV) fell 1.05%.
Semiconductor stocks diverged. Broadcom (AVGO) rose 6.23%, AMD rose 5.42%, ASML rose 4.93%, Marvell Technology (MRVL) rose 3.75%, TSMC (TSM) rose 2.41%, Arm (ARM) rose 1.65%, Micron Technology (MU) rose 1.46%, Intel (INTC) rose 0.53%, while Nvidia (NVDA) fell 6.54%.
Storage stocks moved higher. Western Digital (WDC) rose 5.99%, Seagate Technology (STX) rose 3.98%, and SanDisk (SNDK) rose 1.64%.
Most crypto concept stocks declined. Strategy (MSTR) fell 3.81%, BNB Standard (BNC) fell 2.26%, Circle (CRCL) fell 2.08%, Coinbase (COIN) fell 1.38%, MARA Holdings (MARA) fell 0.79%, while Robinhood (HOOD) rose 1.16%. Super Micro Computer (SMCI) fell 3.41%.