Huo Xing Finance reports that on August 24, according to BIT (bit.com) market data, the semiconductor and storage sectors in U.S. equities continued to decline during trading hours, with the Philadelphia Semiconductor Index falling over 4%. Among them: Micron Technology (MU) dropped 7.02%; SanDisk (SNDK) fell 10.3%; Seagate Technology (STX) declined 7.2%; Western Digital (WDC) dropped 7.1%; SK Hynix ADR fell 3.4%; NVIDIA (NVDA) slid 2.3%; Intel (INTC) decreased 4.6%; Advanced Micro Devices (AMD) dropped 4%.
Semiconductor and Storage Sector Declines, SanDisk Falls More Than 10%
MarsBitShare
Summary
The digital asset market experienced renewed volatility on August 24 as the semiconductor and storage sector declined. The Philadelphia Semiconductor Index dropped more than 4%, with Micron (MU), SanDisk (SNDK), Seagate (STX), and Western Digital (WDC) all falling over 7%. SanDisk dropped more than 10%. On-chain analysis indicates ongoing pressure from profit-taking and shifting investor sentiment.
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