During the Tuesday overnight trading session, Chip stocks continued their strong performance, with ARM Holdings up over 2%, Intel up 1.69%, and Advanced Micro Devices up 1.13%.
Optical communication concept stocks rose broadly in overnight trading. Applied Optoelectronics gained over 3%, Ciena climbed nearly 2%, and Corning and Lumentum each rose more than 1%.
GameStop climbed nearly 3%. The stock advanced after CEO Ryan Cohen disclosed a $26.39 million share purchase.
Rocket Lab USA, Inc. advanced 2.33%. Cantor reiterated Overweight after a successful Electron mission and equity financing for the Iridium acquisition.
Astera Labs, Inc. (ALAB) ticked up 1.6%. Gains tracked enthusiasm for AI memory controllers and triple-digit year-over-year revenue growth.
KLA Corporation gained 1.2%. Shares extended a recent three-session advance highlighted in press reports.
ON Semiconductor rose 1.07%. Coverage noted a third straight daily gain amid a broad tech rally.
Marvell Technology (MRVL) rose 1.06%. Morgan Stanley maintained Equal-Weight.
Among other individual movers, Applied Optoelectronics (AAOI) climbed 2.97%, Quest Diagnostics (DGX) tumbled 4.23%, Labcorp Holdings Inc (LH) slipped 2.49%.
