US Storage Stocks Plunge Over 16% in Pre-Market Trading

Western Digital drops 16% leading a broad sell-off in storage, optics, and semiconductors. SanDisk falls 11%, while Intel and Marvell also decline significantly in pre-market activity.

Woofun AI data shows that US stock futures declined in pre-market trading on Thursday, with storage, optical communication, and semiconductor sectors experiencing widespread losses. Western Digital led the downturn with a 16.06% drop, followed by SanDisk falling 11.09%. SkyHigh Memory decreased 7.01%, Micron Technology fell 5.79%, and Seagate Technology dropped 5.57%.

Semiconductor and optical communication stocks also retreated. Marvell Technology declined 2.14%, Intel fell 1.89%, and Arm dropped 1.85%. In the optics sector, Applied Optoelectronics was down 1.66%, Credo fell 1.45%, and Astera Labs decreased 1.37%.