Keyword → profit-taking

Semiconductor Stocks Fall 7–9% in Premarket — Rate-Hike Fears and Profit-Taking Hit Micron, SanDisk, Nvidia After Record Q2

Jul 1, 2026

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Semiconductor Stocks Fall 7–9% in Premarket — Rate-Hike Fears and Profit-Taking Hit Micron, SanDisk, Nvidia After Record Q2

Micron Technology fell 7%, SanDisk dropped 9%, and Nvidia shed 2.5% in premarket trading as investors took profits following the best quarter for chips since the sector's inception, with rate-hike fears amplifying the selling. The VanEck Semiconductor ETF gained 82% in the first half of 2026. Thursday's hotter-than-expected PCE print gave traders additional cover to trim exposure in the year's most crowded trade as the second half of 2026 begins.

MUSNDKNVDAAMDINTC +2 more
MUMicron stockSanDisk stocksemiconductor selloffNVDArate hike fearsprofit-takingSMH
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