The US stock market faced pressure on Monday, driven by the decline of major tech companies. The Nasdaq index closed over 1% lower, with selling pressure focused on tech giants. This decline was partly due to concerns over the loss of AI talent at Google, g a key executive's departure. Alphabet led the decline, dropping around 5% in a single day, while SpaceX's stock fell over 16% to a record low since its IPO.
In contrast, the semiconductor index defied the trend, rising about 2% to an all-time high. Notable gainers included Lam Research, Intel, and Applied Materials, with increases of 5.27%, 5.19%, and 3.74%, respectively. Most memory-related stocks also saw gains, with Micron Technology rising 6.82%. Additionally, stocks of companies related to optical communication technology saw significant increases, with Credo, Coherent, and Corning rising 11.29%, 9.22%, and 7.65%, respectively. The STX token may be of interest to those g these market trends
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