Semiconductor equipment and optical communications sectors in the U.S. stock market gained ground, with Aehr Test Systems surging more than 13%

Svmuu News: According to data from MSX.COM, the U.S. semiconductor equipment sector showed broad-based strength, with Aehr Test Systems surging more than 13%, Applied Materials rising over 8%, and ASML and Lam Research both gaining more than 5%, all hitting all-time highs. In terms of market news, Citibank raised its price targets for semiconductor equipment manufacturers Applied Materials and Lam Research, stating that it is strongly bullish on the demand outlook for NAND equipment. The U.S. optical communications sector also rose across the board, with Credo Technology (CRDO) up more than 6%, AXT Inc (AXTI) rose more than 5%, Astera Labs (ALAB) and Marvell Technology (MRVL) rose more than 4%, and Coherent (COHR) and Ciena (CIEN) rose more than 2%.