US stocks closed lower across the board for AI-related stocks, with Astera Labs falling more than 11.52%.
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U.S. stocks closed lower across the board, with semiconductor, memory, and optical communication sectors leading the declines. The Philadelphia Semiconductor Index fell 4.65%.
According to BlockBeats, on July 8th, based on BIT (bit.com) market data, the US reinstated military strikes against Iran and oil sanctions. As a result, all three major US stock indices closed lower: the Dow Jones Industrial Average fell 0.25%, the Nasdaq Composite fell 1.16%, and the S&P 500 fell 0.45%. The semiconductor and memory sectors declined, with the Philadelphia Semiconductor Index falling 4.65%, and SpaceX falling nearly 7%, hitting a new low since its IPO. The memory sector saw the largest declines, with Western Digital (WDC) down 7.86%, Seagate Technology (STX) down 4.68%, Micron Technology (MU) down 4.71%, and SanDisk (SNDK) down 7.26%. Semiconductor stocks generally declined, with Lam Research (LRCX) down 6.87%, Applied Materials (AMAT) down 6.46%, Marvell Technology (MRVL) down 7.45%, KLA-Tec (KLAC) down 7.22%, AMD (AMD) down 6.51%, and Intel (INTC) down 9.66%. Optical communication concept stocks also faced pre-market pressure, with Astera Labs (ALAB) down 11.12%, Ciena (CIEN) down 3.44%, Coherent (COHR) down 6.43%, Lumentum (LITE) down 4.42%, and Corning (GLW) down 4.84%.
U.S. stocks closed lower across the board, with SanDisk falling 7%.
According to ChainCatcher, Gate market data shows that U.S. stocks closed lower on Tuesday. The Dow Jones Industrial Average fell 0.25%, the S&P 500 fell 0.45%, and the Nasdaq Composite fell 1.16%. Memory chip stocks continued to decline, with SanDisk (SNDK.O) down 7%, Western Digital (WDC.O) down nearly 8%, and Micron Technology (MU.O) down 4.7%. The Nasdaq China Golden Dragon Index closed down 0.57%, and iQiyi (IQ.O) fell nearly 7%.
US-listed chip, optical communication, and storage stocks rallied across the board, with CRDO rising over 11% and Western Digital gaining over 9%.
According to BlockBeats data, on July 6th, US chip stocks collectively rallied, with AMD (AMD) up 8.13%, Broadcom (AVGO) up 5.48%, Arm (ARM) up 5.39%, Qualcomm (QCOM) up 5.15%, TSMC (TSM) up 4.81%, Intel (INTC) up 3.79%, and Marvell Technology (MRVL) up 3.70%. Optical communication concept stocks led the gains, with Credo (CRDO) up 11.14%, Astera Labs (ALAB) up 10.08%, Ciena (CIEN) up 4.57%, Coherent (COHR) up 4.53%, Applied Optoelectronics (AAOI) up 4.19%, and Corning (GLW) up 3.90%. Storage stocks rose across the board, with Western Digital (WDC) up 9.11%, Seagate Technology (STX) up 5.90%, SanDisk (SNDK) up 2.41%, and Micron Technology (MU) up 1.72%.
US-listed optical communications stocks fell across the board in early trading, with Coherent dropping nearly 6%.
According to data from Odaily Odaily, US-listed optical communications stocks fell across the board in early trading. Coherent fell nearly 6%, Corning fell nearly 5%, Lumentum fell nearly 4%, and Credo fell more than 7%.
Bitcoin emerged as the "most resilient" asset tonight, while US chip stocks experienced a "stock market crash," and crypto stocks followed suit, with US stocks falling across the board.
According to BlockBeats data, on July 7th, US stocks opened lower and continued to decline on Tuesday. The Nasdaq 100 fell over 2%, the Philadelphia Semiconductor Index fell over 6%, SPCX fell 5.7%, MRVL fell 10.25%, Western Digital fell 11%, SanDisk fell 13.9%, Micron fell 8.8%, and Oracle fell 4%. Bitcoin only fell nearly 1% after the US stock market opened, a drop comparable to gold. However, US cryptocurrency stocks generally fell in tandem with the broader market, with SBET falling 5.2%, GEMI falling 6.12%, CRCL falling 5.35%, MSTR falling 3.3%, and COIN falling 4%.
Japanese and South Korean stock markets closed lower, with South Korean stocks triggering a second circuit breaker during trading.
PANews reported on July 7th that, according to Jinshi, the Nikkei 225 index closed down 1480.73 points, or 2.12%, at 68256.96 on Tuesday, July 7th. The South Korean KOSPI index closed down 395.41 points, or 4.91%, at 7655.92 on Tuesday, July 7th, having fallen more than 8% intraday, triggering a second circuit breaker. Among individual stocks, SK Hynix closed down 6%, and Samsung Electronics fell nearly 7%.