Chip Stocks Drop With SOXL Down 7%; SK Hynix Down 6%; SanDisk Down 5%; WDC, ARM, UMC Down 4%; CRDO, AMD Down 3%; MU, Intel, MRVL, SMTC, Down 3%
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Chip stocks pulled back in premarket trading. Direxion Daily Semiconductors Bull 3x Shares down 7%; SK hynix down 6%; SanDisk Corp. down 5%; Western Digital, ARM Holdings, United Microelectronics, Taiwan Semiconductor Manufacturing, Wolfspeed Inc. down 4%; Credo Technology Group Holding Ltd, Advanced Micro Devices down 3%; Micron Technology, Marvell Technology, Semtech, Intel down 3%.

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