The U.S. stock market's AI sector suffered a "Black Tuesday", with Micron and SanDisk plunging over 13%, and both the optical module and storage sectors were not spared.
3 hours ago
According to Bitget market data, US stocks closed on Tuesday: the Dow Jones Industrial Average initially fell 0.09%, the S&P 500 dropped 1.4%, and the Nasdaq declined 2.2%. In the storage stock sector, Seagate (STX) fell 5.07%, Western Digital (WDC) dropped 8.45%, SanDisk (SNDK) declined 13.64%, and Micron (MU) fell 13.18%. For optical module stocks, Coherent (COHR) dropped 10.4%, Lumentum (LITE) fell 7.38%, AAOI declined 13.89%, Nokia (NOK) fell 5.06%, and Marvell (MRVL) dropped 9.36%. Among the "Magnificent Seven" US tech giants, Oracle (ORCL) fell 5.66%, NVIDIA (NVDA) declined 4.13%, and Tesla (TSLA) dropped 5.79%. As for crypto-related stocks, SBET fell 6.5%, BMNR dropped 4.6%, CRCL declined 5.34%, MSTR fell 5.13%, and Coinbase (COIN) declined 4.04%.
South Korea's KOSPI index wiped out its 4% morning gain, turning negative on the day.
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F2Pool co-founder Wang Chun added over $50 million worth of BTC and ETH to his positions in the past week.
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Binance will suspend its stock trading services on June 27 to support service system upgrades.
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South Korean payment platform KG Inicis plans to launch stablecoin payment functionality on Solana.
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