Micron and Sandisk fall more than 2% as the chip sell-off resumes in premarket

What happened: Micron and Sandisk fell more than 2% in premarket trading as the chip sell-off resumed. Seagate, Intel and AMD each fell more than 1%. Key numbers: Micron and Sandisk down more than 2%. Seagate, Intel and AMD down more than 1%. VanEck Semiconductor ETF lost around 1% before the open. Why it matters: The declines spread across chipmakers and storage names, and the VanEck Semiconductor ETF fell before the open, indicating the sell-off was broad rather than limited to one company.

Micron and Sandisk fell more than 2% in premarket trading as the chip sell-off resumed. Seagate, Intel and AMD each fell more than 1%.

The declines spread across chipmakers and storage names, and the VanEck Semiconductor ETF fell before the open, indicating the sell-off was broad rather than limited to one company.