On November 9, the three major U.S. stock indexes opened higher, with the S&P 500 up 1.15%, the Nasdaq 100 up 1.62%, the Dow Jones Industrial Average up about 1.03%, and SpaceX (SPCX) up 2.71%.
Optical communication concept stocks generally rose, with Coherent (COHR) up 7.10%, Ciena (CIEN) up 6.43%, Lumentum (LITE) up 5.60%, Credo (CRDO) up 4.95%, and Applied Optoelectronics (AAOI) up 0.74%.
Neocloud stocks showed mixed performance, with Astera Labs (ALAB) up 5.77%, AST SpaceMobile (ASTS) up 3.93%, and Nebius (NBIS) up 1.77%, while IREN fell 4.71%, Cipher Mining (CIFR) fell 2.22%, and CoreWeave (CRWV) fell 1.05%.
Semiconductor stocks diverged, with Broadcom (AVGO) rising 6.23%, AMD rising 5.42%, ASML rising 4.93%, Marvell Technology (MRVL) rising 3.75%, TSMC (TSM) rising 2.41%, Arm (ARM) rising 1.65%, Micron Technology (MU) rising 1.46%, Intel (INTC) rising 0.53%, and Nvidia (NVDA) falling 6.54%. Storage stocks rose, with Western Digital (WDC) rising 5.99%, Seagate Technology (STX) rising 3.98%, and SanDisk (SNDK) rising 1.64%.
Most crypto-related stocks declined, with Strategy (MSTR) down 3.81%, BNB Standard (BNC) down 2.26%, Circle (CRCL) down 2.08%, Coinbase (COIN) down 1.38%, MARA Holdings (MARA) down 0.79%, and Supermicrocomputer (SMCI) down 3.41%, while Robinhood (HOOD) rose 1.16%.
