Summary
- It reported that artificial intelligence (AI)-related stocks were trading lower in U.S. premarket trading as they gave back part of the previous session's gains.
- It said optical communications-related stocks including Coherent (COHR), Lumentum (LITE), Applied Optoelectronics (AAOI), Nokia (NOK) and Marvell Technology (MRVL) were all posting declines.
- It said memory-related stocks including SK Hynix ADR (SKHY), Seagate (STX), Western Digital (WDC), SanDisk (SNDK) and Micron (MU) were also all lower.
U.S. artificial intelligence-related stocks were broadly lower in premarket trading, giving back part of the previous session's gains.
BlockBeats, a crypto-focused media outlet, reported on Oct. 20 that declines among AI-related U.S. stocks in premarket trading were concentrated in optical communications and memory names.
Among optical communications stocks, Coherent (COHR) fell 2.22%, Lumentum Holdings (LITE) dropped 2.09%, and Applied Optoelectronics (AAOI) slid 3.66%. Nokia (NOK) was down 1.21%, while Marvell Technology (MRVL) lost 2.04%.
Among memory stocks, SK Hynix's American depositary receipt (SKHY) fell 3.95%. Seagate Technology (STX) slipped 0.76%, Western Digital (WDC) lost 2.06%, SanDisk (SNDK) declined 2.13%, and Micron Technology (MU) fell 2.18%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.