Storage, Cloud and Optical Shares Mostly Fall in Nov. 5 U.S. Premarket Trading

Storage, computing-cloud and optical-communications stocks mostly fell in U.S. premarket trading Thursday, Nov. 5, while four of six named stocks in the biotech group rose.

SK Hynix fell 3.77%, Seagate Technology lost 3.51%, Western Digital declined 3.22%, SanDisk dropped 2.92% and Micron slipped 2.71%. In cloud computing, Nebius fell 3.50%, IREN dropped 2.86%, CoreWeave declined 1.91% and Applied Digital lost 1.58%. Oracle edged up 0.19%.

Optical-communications shares were mixed. Ciena fell 4.01%, Lumentum declined 3.29%, Corning lost 3.07%, Marvell Technology slipped 3% and Broadcom fell 1.98%. Coherent rose 3.58%, while Applied Optoelectronics declined 0.90%.

Among the six named stocks in the biotech group, Eli Lilly rose 1.27%, Johnson & Johnson gained 1.26%, AbbVie advanced 1.22% and Merck added 0.96%. Moderna fell 0.68%, and Novo Nordisk declined 0.40%.