US Stocks | AI chip slump extends on Wall St as SanDisk sinks 12%, Micron drops 9% and AMD falls 5%
Memory-chip makers led the decline, with SanDisk plunging 12%, Micron Technology falling 9%, and AMD dropping 5% in premarket trading. Other chipmakers were also under pressure, with Intel losing nearly 7% and Western Digital sliding about 8%.The weakness in semiconductor stocks came as the broader technology sector suffered a sharp correction. Futures linked to the Investors have poured billions into AI-linked stocks over the past year, making chipmakers among the strongest performers on Wall Street. Memo ...