Chip stocks extended losses in overnight trading. Direxion Daily Semiconductors Bull 3x Shares and United Microelectronics fell 7%; SanDisk, Micron, SK hynix, and Western Digital fell 4%; Intel, Arm, AMD, and Seagate fell 3%; ASML and TSMC fell 2%; Qualcomm, Broadcom, and Nvidia fell 1%.
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