Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
US Stocks Movement | Marvell Technology rises over 7%, leading optical communication concept stocks

US Stocks Movement | Marvell Technology rises over 7%, leading optical communication concept stocks

格隆汇格隆汇2026/06/18 14:06
Show original
Glonghui, June 18th|Optical communication concept stocks broadly rose, with Marvell Technology up over 7%, Corning up over 6%, Credo Technology, Astera Labs, and Tower Semiconductor all up more than 4%, Coherent and Broadcom up over 3%, and Himax Technologies up more than 2%. On the news front, Marvell Technology will be officially included in the S&P 500 Index on June 22 (next Monday), and this adjustment is expected to trigger passive allocation demand from index funds. In addition, KeyBanc raised Marvell Technology's target price from $260 to $385.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Elon Musk changes his stance! Tesla (TSLA.US) delays Cybertruck production halt to late summer 2027, just two days after suggesting “refund deposits”

Elon Musk stated that Cybertruck production will be extended until late summer 2027 to clear the order backlog, and Tesla's stock price rose by about 4%.

智通财经•2026/11/12 03:52
Elon Musk changes his stance! Tesla (TSLA.US) delays Cybertruck production halt to late summer 2027, just two days after suggesting “refund deposits”

Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation

Toichiro Asada, a member of the Bank of Japan's Policy Board, stated that the central bank needs to remain cautious and closely monitor the impact of rate hikes on the economy, as rising interest rates pose the risk of suppressing the inflation trend.

智通财经•2026/11/12 03:18
Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation