US stock semiconductor equipment and optical communication sectors strengthen, Aehr Test Systems surges over 13%

According to MSX.COM data, the US stock semiconductor equipment sector broadly strengthened, with Aehr Test Systems surging over 13%, Applied Materials up over 8%, ASML and Lam Research rising over 5%, all hitting new historical highs. On the news front, Citigroup raised its target prices for semiconductor equipment manufacturers Applied Materials and Lam Research, expressing strong optimism about the demand outlook for NAND equipment.

The US stock optical communication concept sector also rallied collectively, with Credo Technology (CRDO) rising over 6%, AXT Inc (AXTI) up over 5%, Astera Labs (ALAB) and Marvell Technology (MRVL) gaining over 4%, and Coherent (COHR) and Ciena (CIEN) up over 2%.