U.S. Neocloud and Chip Stocks Rise at Open, Credo Gains 8.38%

U.S. neocloud, storage, optical-communications and semiconductor stocks were broadly higher at the Oct. 21 open, according to BIT (bit.com) market data cited by BlockBeats.

Groups and leading moves

Credo (CRDO) led the listed optical-communications names with an 8.38% gain. TeraWulf (WULF) rose 6.66% and Hut 8 (HUT) 5.78% among the neocloud stocks. In storage, Seagate (STX) gained 5.55% and SK Hynix (SKHY) 4.08%.

Most semiconductor stocks also rose in the snapshot. Marvell gained 4.01%, AMD 3.44% and Nvidia 2.29%. Marvell appeared in both the optical-communications and semiconductor lists in the source.

These are opening-market figures attributed to BIT data and do not represent closing returns or a forecast.

Read the original BlockBeats flash.