BlockBeats News, July 29th, according to BIT (bit.com) market data, the U.S. stock market opened lower and continued to decline after the opening. The Dow fell by 1%, the S&P 500 Index is currently down 0.3%, and the Nasdaq fell by 0.48%. The Philadelphia Semiconductor Index has fallen for the fifth consecutive trading day, currently down by about 2%.

The AI sector once again experienced a broad-based decline, with SanDisk falling by over 7% at one point. Previously, star stocks AAOI fell by over 6%, LITE fell by over 4%, Micron fell by 3%, and Marvell Technology fell by 0.3%.