Chip Stocks Sink Pre-Market: SanDisk -3.2%, Intel -2.5%, Nvidia and AMD Also Fall
Major chip stocks — SanDisk, Micron, AMD, Nvidia, Intel — plunge pre-market in semiconductor selloff
Key points
- SanDisk fell 3.24% and Intel dropped 2.45% in a broad pre-market semiconductor selloff
- See-saw pattern reflects rate-hike concerns compressing high-multiple chip sector valuations
- Nvidia’s upcoming earnings report is the sector bellwether that could reverse or confirm the selloff
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