Chip stocks rallied in overnight trading. Direxion Daily Semiconductors Bull 3x Shares and SanDisk rose 10%; Micron and Western Digital rose 7%; Seagate Technology rose 6%; Marvell Technology, Arm, ASML, and Intel rose 4%;AMD rose 3%; TSMC rose 2%.
Crypto stocks jumped in overnight trading. Strategy and BitMine rose 7%; IREN rose 6%; Circle rose 5%; Coinbase rose 3%.
Optical communication stocks rose in overnight trading. AXT rose 9%; Credo Technology and Corning rose 5%; Applied Optoelectronics, POET Technologies, and Coherent rose 4%.
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