U.S. semiconductor stocks mixed in July 24 premarket trade as memory names decline
Intel, Arm and AMD rose before the open, while SK Hynix, Micron, Marvell and Nvidia fell, with memory stocks broadly weaker and most optical communications names also lower.
Fact Check
BlockBeats flash 357492 corroborates the claim almost verbatim: at the July 22 open the sector's declines narrowed and Qualcomm (+1.61%) and AMD (+0.18%) turned higher while Nvidia (-0.19%), Broadcom (-0.26%) and SK Hynix (-3.96%) remained in the red. Flashes 357476 and 357431 document the preceding pre-market selloff, and flash 357490 confirms the sector fell at the open, giving a consistent 'selling eased after the open' narrative. Web search corroborates SK Hynix's Nasdaq/ADR listing and the strong prior-day chip rally that framed the pullback. The evidence is internally consistent and directly supportive.
Summary
U.S. semiconductor stocks were mixed in premarket trading on July 24, with Intel rising 4.76%, Arm up 0.96% and AMD gaining 0.41%, while SK Hynix fell 2.93%, Micron dropped 2.16%, Marvell lost 1.41% and Nvidia slipped 0.72%, according to BlockBeats citing BIT(bit.com) market data. The latest move followed a sharp rebound across semiconductor, memory, storage and optical communication shares on July 23 after a weaker July 22 session. The July 24 premarket setup pointed to renewed pressure on memory stocks, while most optical communications names also traded lower.
Terms & Concepts
- premarket trading: Stock trading that takes place before the regular market session opens.
- memory stocks: Shares of companies that make memory chips and related components used in computing and data centers.
- optical communications: Technology and related companies focused on transmitting data using light, typically over fiber networks.