BlockBeats News, August 7th. The unexpected decrease in US non-farm payrolls in July led traders to reduce their bets on a Fed rate hike, causing a collective rise in US stocks. The Nasdaq rose 0.77% at the opening bell, the S&P 500 rose 0.33%, and the Dow Jones Industrial Average rose 0.10%.

According to BIT (bit.com) market data, storage concept stocks saw a partial rise at the opening bell, with SanDisk up over 3%. In the optical communication sector, stocks generally rose, with optical module manufacturer AAOI up over 7%. The company expects its production capacity to increase tenfold in two years, with its 1.6T product receiving certification from a major client in as fast as two weeks; Coherent surged over 9%.

As for chip stocks, SK Hynix fell by 1.64%, while Micron Technology rose by 1.19%. Storage and neocloud stocks mostly followed the upward trend, with SNDK up by 3.21% and NBIS up by 1.16%.

Furthermore, Cloudflare soared by 11.5%, hitting a new all-time high after raising its annual revenue forecast.