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The US stock market’s chip, optical communication and storage sectors have rallied collectively, with CRDO surging over 11% and Western Digital rising more than 9%.

1 hours ago

According to BIT (bit.com) market data, US chip stocks rallied across the board. AMD rose 8.13%, Broadcom (AVGO) gained 5.48%, Arm (ARM) advanced 5.39%, Qualcomm (QCOM) climbed 5.15%, TSMC (TSM) increased 4.81%, Intel (INTC) rose 3.79%, and Marvell Technology (MRVL) gained 3.70%. Optical communication-related stocks led the gains: Credo (CRDO) jumped 11.14%, Astera Labs (ALAB) rose 10.08%, Ciena (CIEN) advanced 4.57%, Coherent (COHR) climbed 4.53%, Applied Optoelectronics (AAOI) gained 4.19%, and Corning (GLW) rose 3.90%. The storage sector also posted gains, with Western Digital (WDC) up 9.11%, Seagate Technology (STX) gaining 5.90%, SanDisk (SNDK) rising 2.41%, and Micron Technology (MU) advancing 1.72%.

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