US chip stocks collectively fell, with SanDisk dropping more than 11%

US chip stocks continue to decline, with SanDisk (SNDK. O) falling over 11%, Western Digital (WDC. O) falling nearly 10%, Micron Technology (MU. O) and Seagate Technology (STX. O) falling over 7%, and Nvidia (NVDA. O) falling 1.3%.