US semi-conductor equipment and optical communication sector strengthened, Aehr Test Systems surged over 13%

Odaily Planet Daily News According to MSX.COM data, the US semiconductor equipment sector broadly strengthened, with Aehr Test Systems surging over 13%, Applied Materials over 8%, and ASML and Lam Research both 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 a strong bullish outlook on NAND equipment demand.

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