U.S. stock chip stocks, storage, and optical communication sectors all declined collectively before the market opened on Tuesday

On June 23, U.S. stock chip stocks showed a broad decline before the market opened, with Intel experiencing the most significant drop, falling over 8%. AMD fell more than 6%, Qualcomm, TSMC, and Lattice Semiconductor declined 5%, Baidu dropped 4%, Broadcom, Tesla, Nvidia, Google-A, NXP Semiconductors, and Google-C all fell more than 3%.

Additionally, influenced by the sharp plunge of storage concept stocks in the Korean market, U.S. storage concept stocks also fell sharply before the market opened. Among them, SanDisk and Micron Technology led the declines, both dropping over 9%. Western Digital and Huirong Technology fell more than 8%, Seagate Technology declined over 7%, and Rambus dropped over 6%.

Meanwhile, optical communication concept stocks were also not spared, collectively declining before the market opened. Tower Semiconductor and AXT Inc fell over 10%, MaxLinear, Mavenir Technologies, Coherent, and Credo Technology declined over 8%, Astera Labs, Corning, Nokia, GlobalFoundries, and Lightwave Logic fell over 7%, and Lumentum dropped over 6%.

Overall, considering that various segments of the chip industry chain faced significant selling pressure before the market open today, investors are advised to manage their position risk carefully.

Do you think this collective pre-market decline in U.S. stocks is a short-term correction or an industry turning point? Share your views in the comments!

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