U.S. storage-related stocks extended their premarket decline and fell to fresh intraday lows, according to data from MSX.COM. Micron Technology dropped 6.00%, SK hynix fell 7.51%, SanDisk lost 6.25%, Western Digital slipped 6.08%, and Seagate Technology declined 6.50%.
Weakness also spread across other AI hardware names. Nvidia was down 2.56%, TSMC lost 3.52%, Broadcom fell 3.90%, Intel dropped 6.56%, and ASML declined 5.63%. Larger losses were seen in Lam Research, down 8.20%, Arm Holdings, down 7.68%, Lumentum, down 7.35%, and Coherent, down 6.83%. Qualcomm fell 4.96%.
The Direxion Daily Semiconductor Bull 3x Shares ETF was down 16.15%. The move came in premarket trading, with the storage segment as a whole reaching a new low for the day.
U.S. storage stocks extended their premarket losses and hit fresh intraday lows, according to data from MSX.COM.
Among the major names, Micron Technology fell 6.00%, SK hynix dropped 7.51%, SanDisk lost 6.25%, Western Digital declined 6.08%, and Seagate Technology was down 6.50%.
Other AI hardware stocks also moved lower. Nvidia fell 2.56%, Taiwan Semiconductor Manufacturing Co. (TSMC) dropped 3.52%, Broadcom lost 3.90%, Intel declined 6.56%, ASML fell 5.63%, Lam Research dropped 8.20%, Arm Holdings lost 7.68%, Qualcomm fell 4.96%, Lumentum declined 7.35%, and Coherent was down 6.83%.
The Direxion Daily Semiconductor Bull 3x Shares ETF fell 16.15%.
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