Storage, Chips And Optical Communication Stocks Tumble At Open; ON Plunges Nearly 20%

Tiger Newspress
06/26

Shares of storage, semiconductor and optical communication sectors staged a collective pullback in early Friday trading. ON Semiconductor tumbled nearly 20%, while Lumentum Holdings slumped more than 9%. COHERENT , SanDisk Corp. and Western Digital dropped over 8%, followed by Micron Technology and Seagate Technology PLC with losses exceeding 6%, and Intel shedding over 5%.

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