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

Tiger Newspress05-12 16:21

Chip stocks pulled back in in early trading. Direxion Daily Semiconductors Bull 3x Shares fell 8%; Semtech and Qualcomm fell 6%; GLOBALFOUNDRIES Inc. and SanDisk Corp. fell 5%; ON Semiconductor , Lattice Semiconductor and STMicroelectronics NV fell 4%; AMATI AIM VCT , Intel , Lam Research , Micron Technology , NXP Semiconductors NV , KLA-Tencor , ASML Holding NV , Western Digital , Skyworks Solutions and Marvell Technology fell 3%; Microchip Technology, Seagate Technology PLC , Texas Instruments , Credo Technology Group Holding Ltd , Analog Devices and VanEck Semiconductor ETF fell 2%; Taiwan Semiconductor Manufacturing and Advanced Micro Devices fell 1%.

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