Nasdaq Rises 0.9% as Inflation Data Boosts Storage and Neocloud Stocks

US equities open higher on modest inflation figures, with Nasdaq up 0.9%. Storage, semiconductor, optical comms, and neocloud sectors lead gains.

Woofun AI reports that US stocks opened higher on August 12 following the release of moderate inflation data. Bitget market updates indicate the Dow Jones Index rose by 0.33%, the S&P 500 climbed by 0.49%, and the Nasdaq Index increased by 0.9%.

Individual equities in storage, semiconductor, optical communication, and neocloud sectors posted strong gains. SanDisk rose by 6.9%, SK Hynix by 5.8%, and Micron by 5.5%. Within neocloud, CRWV surged by 22%, NBIS by 15.21%, and IREN by 10%. In optical communications, LITE rose by 9.88%, GLW by 5.64%, AAOI by 4.71%, and MRVL by 6%.