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The storage sector collectively weakens! Is the sentiment for U.S. tech stocks starting to cool down?
Ahead of the bell, the data shows that U.S. storage-related stocks are broadly lower: Western Digital down 0.5%, SanDisk down 2.48%, Micron Technology down 0.99%, Seagate Technology down 0.37%.
As an important bellwether for the tech cycle, weakness in the storage sector often reflects short-term concerns about demand, the cycle, or valuation.