Chip Stocks Pull Back With SOXL Down 6%, SanDisk and Intel Down 4%

TigerMay 12, 2026 8:21 AM

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Chip stocks pulled back in premarket trading. Navitas Semiconductor fell 7%; Direxion Daily Semiconductors Bull 3x Shares fell 6%; SanDisk and Intel fell 4%; Qualcomm, Micron, AMD, and ASML fell 3%; Western Digital and Seagate fell 2%; TSMC, Broadcom, and Nvidia fell 1%.

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