At the opening of the US stock market, Neocloud, storage, optical communications, and semiconductor stocks all rose across the board, with CRDO jumping more than 8%.
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According to BIT (bit.com) market data, US stocks opened with broad gains across the Neocloud, storage, optical communications, and semiconductor sectors. Neocloud-related stocks rallied across the board: TeraWulf (WULF) rose 6.66%, Hut 8 (HUT) up 5.78%, Cipher Digital (CIFR) up 5.74%, Applied Digital (APLD) up 5.35%, IREN up 5.32%, and Nebius (NBIS) up 4.05%. Storage stocks also strengthened, with Seagate Technology (STX) up 5.55%, SK Hynix (SKHY) up 4.08%, Western Digital (WDC) up 3.98%, SanDisk (SNDK) up 3.77%, and Micron Technology (MU) up 3.48%. All optical communication-related stocks advanced, including Credo (CRDO) up 8.38%, Lumentum (LITE) up 5.84%, Applied Optoelectronics (AAOI) up 4.59%, Ciena (CIEN) up 4.39%, Marvell Technology (MRVL) up 4.01%, and Coherent (COHR) up 3.88%. Most semiconductor stocks rose, with Marvell Technology (MRVL) up 4.01%, AMD up 3.44%, ASML (ASML) up 3.07%, Arm (ARM) up 2.46%, and NVIDIA (NVDA) up 2.29%.
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