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US Tech Stocks Experience Broad Sell-off Again as Micron Falls Over 7%

BlockBeats News, July 29th, according to BIT (bit.com) market data, the U.S. stock market opened lower and continued to decline after the opening. The Dow fell by 1%, the S&P 500 Index is currently down 0.3%, and the Nasdaq fell by 0.48%. The Philadelphia Semiconductor Index has fallen for the fifth consecutive trading day, currently down by about 2%.


The AI sector once again experienced a broad-based decline, with SanDisk falling by over 7% at one point. Previously, star stocks AAOI fell by over 6%, LITE fell by over 4%, Micron fell by 3%, and Marvell Technology fell by 0.3%.

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SanDisk's consumer business revenue has declined for three consecutive quarters.
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Lengthening the agreement to increase cash flow visibility, but the 80% gross margin still needs to be validated over time
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