US Chip, Storage, and Optics Stocks Extend Losses, SanDisk Plunges Nearly 9%, Corning Falls Over 8%

BlockBeats News, July 16th, US chip stocks experienced a widespread decline. Arm dropped by 6.40%, Marvell Technology dropped by 6.20%, Micron Technology dropped by 5.12%, Qualcomm dropped by 4.40%, Intel dropped by 4.21%, AMD dropped by 3.91%, Broadcom dropped by 3.79%, and NVIDIA dropped by 2.24%.

The storage sector saw a collective slump, with SanDisk dropping by 8.77%, Seagate Technology by 7.70%, Western Digital by 7.51%, SK Hynix by 7.46%, and Micron Technology by 5.12%.

Optical communication concept stocks led the decline, with Corning down by 8.17%, Astera Labs by 6.57%, Applied Optoelectronics by 6.44%, Nokia by 6.00%, Credo by 5.63%, and Coherent by 5.57%.