Chip, Storage Stocks Fall. SOXL Down Nearly 5%; ARM Down 4%; SanDisk, WDC Down over 3%; Navitas, Micron, ASML, Marvell Down Around 2%
Chip, storage stocks fell in premarket trading. SOXL down over 3%; UMC, ARM, Wolfspeed, Western Digital down around 2%.Optical shares sank in premarket trading. Nokia down nearly 3%; Astera Labs, Marvell down over 2%; Coherent, Corning, Ciena down over 1%.