Optical and Chip Stocks Rise as Most Neocloud Shares Gain; Robinhood Falls 8.42%

Optical communications, semiconductor and most neocloud shares gained in U.S. premarket trading Wednesday, while Robinhood fell 8.42% and futures for major stock indexes moved in different directions.

S&P 500 futures rose 0.11% and Nasdaq 100 futures gained 0.54%. Dow futures fell 0.21%.

Credo (CRDO) led the listed optical stocks, up 2.78%. Applied Optoelectronics (AAOI) gained 2.27%, Coherent (COHR) rose 2.15%, Ciena (CIEN) added 1.95% and Lumentum (LITE) climbed 1.79%.

IREN advanced 2.33%, while Nebius (NBIS) gained 2.14%, Astera Labs (ALAB) rose 2.02%, Cipher Digital (CIFR) added 2% and CoreWeave (CRWV) gained 1.90%. AST SpaceMobile (ASTS) fell 0.12%.

Micron Technology (MU) rose 4.40%. Arm (ARM) gained 2.38%, Intel (INTC) added 2.20% and Marvell Technology (MRVL) climbed 2.17%. Storage tickers diverged: SK Hynix (SKHY) surged 8.11%, SNDK rose 5.03% and WDC gained 1.21%, while STX fell 3.23%.

Robinhood (HOOD) fell 8.42%, Coinbase (COIN) declined 1.58% and Circle (CRCL) slipped 0.40%. BitMine (BMNR) gained 1.41%, MARA rose 0.99% and Strategy (MSTR) added 0.81%.