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AI drives continued gains in US stocks; SK Hynix ADR rises more than 7%
BlockBeats, July 18, according to BIT (bit.com) market data: After the U.S. stock market opened today, AI stocks first fell and then rose. SK Hynix ADR led the market, up more than 7% to $164.
In addition, Micron is up 3.63%, DELL is up 1.47%, and MRVL is up 0.96%.
CPO, storage, and neocloud concept stocks rebounded across the board: LITE is up 4.44%, SanDisk is up 5.87%, and NBIS is up 5.84%.
AI infrastructure stocks have not turned green yet, but the selloff is narrowing: AMAT is down 2.72% and LRCX is down 0.63%.