Chip stocks sank in morning trading. Direxion Daily Semiconductors Bull 3x Shares fell 7%; Arm fell 5%; Intel fell 4%; SanDisk fell 3%; SK hynix, Micron, and AMD fell 2%; Nvidia fell 1%.
Optical communications stocks dropped in morning trading. AXT fell 6%; Photonics & Optics ETF and Applied Optoelectronics fell 5%; Coherent and Corning fell 4%; POET Technologies, Marvell Technology, Nokia, and Lumentum fell 3%.
Crypto stocks fell in morning trading. Hut 8 and Cipher Mining fell 7%; Riot Platforms and CleanSpark fell 6%; MARA Holdings fell 4%; Robinhood and Bitmine fell 3%; Strategy and Coinbase fell 2%.
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