An Oct. 20 slide in AI-linked stocks eased by the close, with Applied Optoelectronics, Inc. (AAOI) trimming an intraday loss and Marvell Technology, Inc. (MRVL) ending the session higher.
Applied Optoelectronics closed at $76.74, down 1.87%, compared with a 6.08% drop in the intraday reading. Marvell, which had been down 3.02%, finished up 1.4% at $240.42. Sandisk Corporation (SNDK) narrowed its decline from 1.85% in the intraday reading to 0.42%, closing at $1,365.38.
The closing figures come from historical price tables using S&P Global Market Intelligence data. The earlier percentages describe an intraday reading, not the stocks’ final performance.
An earlier premarket reading of AI-related shares had shown Applied Optoelectronics down 3.66% and Marvell down 2.04%. The Oct. 20 intraday reading also covered crypto-related stocks: Coinbase shares were down 5.32%, and Bitdeer shares were down 5.15%.
Applied Optoelectronics makes optical networking products used in AI data centers. The company plans to release third-quarter results Nov. 5 and hold an investor call at 4:30 p.m. ET.
