Semiconductor, Storage Stocks Slide in U.S. Pre-Market; Western Digital Down 7.1%, SK Hynix ADR Down 6.7%

According to BlockBeats, citing BIT market data, on July 16 during U.S. pre-market trading, semiconductor stocks fell broadly. Arm declined 4.70%, Taiwan Semiconductor Manufacturing Company dropped 4.52%, AMD fell 3.25%, and NVIDIA slipped 1.62%.

Storage stocks led declines with Western Digital down 7.13%, SK Hynix ADR down 6.66%, SanDisk down 6.69%, Seagate Technology down 5.46%, and Micron Technology down 4.11%. Optical communications sector names including Astera Labs, Coherent, and Corning also weakened.