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Cybersecurity stocks rise as US chip shares plunge at the open

  • CrowdStrike, Zscaler and Palo Alto Networks rose as US cybersecurity stocks advanced.
  • SK Hynix fell 7.49%, while Lam Research dropped 8.12% in early trading.
  • Nvidia, TSMC, Broadcom, Micron Technology and other chip stocks also declined.

US-listed cybersecurity stocks moved higher at the market open, with CrowdStrike up more than 7%, Zscaler and Palo Alto Networks each gaining more than 5%, and Fortinet, Okta and Cloudflare rising more than 3%. Storage-related stocks led declines, including Nvidia down 4.1%, TSMC down 3.46%, Broadcom down 4%, SK Hynix down 7.49%, Micron Technology down 7.35%, AMD down 6.2%, ASML down 6.73%, Intel down 7.45%, Lam Research down 8.12%, ARM down 8.08% and SanDisk down 7.51%.

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Cybersecurity stocks rise as US chip shares plunge at the open - CoinPost Terminal