Storage Chip Stocks Plunge Over 20% in Past Weeks Amid Overcapacity Concerns

STX2.35%
META6.01%
According to industry insiders, storage chip stocks including SanDisk, Micron Technology, Seagate Technology, and Western Digital have tumbled over 20% in the past several weeks since late June. The selloff was triggered by Meta's reported divestment of computing capacity, which intensified market concerns about overcapacity in the sector.
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