US chip stocks, memory, and optical communication sectors took a hit in pre-market trading on Tuesday
On June 23, US chip stocks showed a widespread decline in pre-market trading, with Intel experiencing the most significant drop of over 8%, AMD down more than 6%, Qualcomm, TSMC, and Lattice Semiconductor falling by 5%, Baidu down 4%, and Broadcom, Tesla, NVIDIA, Google-A, NXP, and Google-C all dropping over 3%.
Additionally, influenced by the severe sell-off in South Korea's memory concept stocks, US memory stocks also plummeted in pre-market. SanDisk and Micron Technology were among the hardest hit, each falling over 9%, while Western Digital and Silicon Motion dropped more than 8%, Seagate Technology slipped over 7%, and Rambus fell by over 6%.
Meanwhile, optical communication concept stocks weren't spared either, collectively declining in pre-market. Tower Semiconductor and AXT Inc dropped over 10%, MaxLinear, Mavenir, Coherent, and Credo Technology fell more than 8%, Astera Labs, Corning, Nokia, GlobalFoundries, and Lightwave Logic were down over 7%, and Lumentum declined by over 6%.
Overall, given the significant selling pressure across various segments of the chip supply chain in today's pre-market, it's advisable for investors to manage their position risk carefully.
Do you think this collective pre-market drop in US stocks is just a short-term adjustment or a turning point for the industry? Share your thoughts in the comments!
#美股盘前下跌
On June 23, US chip stocks showed a widespread decline in pre-market trading, with Intel experiencing the most significant drop of over 8%, AMD down more than 6%, Qualcomm, TSMC, and Lattice Semiconductor falling by 5%, Baidu down 4%, and Broadcom, Tesla, NVIDIA, Google-A, NXP, and Google-C all dropping over 3%.
Additionally, influenced by the severe sell-off in South Korea's memory concept stocks, US memory stocks also plummeted in pre-market. SanDisk and Micron Technology were among the hardest hit, each falling over 9%, while Western Digital and Silicon Motion dropped more than 8%, Seagate Technology slipped over 7%, and Rambus fell by over 6%.
Meanwhile, optical communication concept stocks weren't spared either, collectively declining in pre-market. Tower Semiconductor and AXT Inc dropped over 10%, MaxLinear, Mavenir, Coherent, and Credo Technology fell more than 8%, Astera Labs, Corning, Nokia, GlobalFoundries, and Lightwave Logic were down over 7%, and Lumentum declined by over 6%.
Overall, given the significant selling pressure across various segments of the chip supply chain in today's pre-market, it's advisable for investors to manage their position risk carefully.
Do you think this collective pre-market drop in US stocks is just a short-term adjustment or a turning point for the industry? Share your thoughts in the comments!
#美股盘前下跌