Optical Module and Storage Stocks Pull Back 2%-3.35% in Pre-Market on July 22

COHR11.14%
LITE9.42%
AAOI15.87%
MRVL6.61%
STX11.05%
According to BlockBeats citing Bit.com data, optical module and storage stocks declined 2%-3.35% in pre-market trading on July 22 after yesterday's significant gains. Optical module names including Coherent (COHR, -3.46%), Lumentum Holdings (LITE, -3.04%), Applied Optoelectronics (AAOI, -2.78%), and Marvell Technology (MRVL, -2.52%) led the pullback, while storage players Seagate Technology (STX, -3.06%), Western Digital (WDC, -3.35%), SanDisk (SNDK, -2.73%), and Micron Technology (MU, -2.71%) showed similar declines. The retreat reflects profit-taking following yesterday's rally, with investors continuing to focus on AI infrastructure expansion.
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