SanDisk Rips 10%, Micron Rises 6% as AI Memory Frenzy Builds: Stock Market Today

Benzinga51minutes ago

AI Infrastructure Stocks Edge Higher After Anthropic's Q2 Revenue Surge

Seeking AlphaAug 17 21:05

U.S. Market Close | Trump threatens to declare the Strait of Hormuz as U.S. territory; three major indices close slightly lower. Optical communication stocks strengthen: AAOI surges 15%, Lumentum rises over 5%; drone stock UMAC jumps 25%.

The Dow Jones Industrial Average fell 0.2%, the S&P 500 Index declined 0.17%, and the Nasdaq Composite dropped 0.28%. Most large-cap technology stocks retreated, with the Mag 7 Index down 0.17% and Amazon falling nearly 1%. SpaceX shares also dipped by close to 1%. In contrast, memory chip stocks broadly rose against the trend: SanDisk surged 7.39%, bringing its weekly gain to 35.38%; AMD advanced 6.50%; and NEBIUS climbed 8.88%. Meanwhile, Applied Materials and Broadcom each fell more than 5%.

wallstreetcnAug 15 07:08

S&P 500 Tags an All-time High and These 20 Names Have Helped Fuel the Rally

Seeking AlphaAug 14 01:40

US Market Moves | Optical communication stocks rally, Ciena surges over 6%, Marvell Technology gains more than 5%

Gelonghui, August 13 | Optical communication concepts gained strength, with Ciena rising more than 6%. Marvell Technology, POET Technologies, Credo Technology, and Nokia each rose more than 5%. Applied Optoelectronics and Astera Labs climbed 3%, while Tower Semiconductor and Broadcom advanced nearly 2%. Lumentum rose more than 1%.

Gelonghui FinanceAug 13 22:49

Coherent Ramps up Supply Faster Than Expected; Analysts Jack up Targets

Seeking AlphaAug 13 20:59