U.S. storage chip stocks advanced in premarket trading on Thursday (September 4). SanDisk(SNDK.US) climbed 2.85% to $1599.34 in premarket, hitting a high of $1607.68; Seagate(STX.US) rose 2.80% to $821.00; Micron Technology(MU.US) gained 2.03% to $977.63; Western Digital(WDC.US) added 2.14% to $451.01; MRAM(MRAM.US) edged up 2.15% to $16.19.
The storage chip sector continues its recent strength with leveraged ETFs showing amplified moves. The 2x leveraged ETF(MUU.US) rose 3.94% to $31.90 in premarket, while SNXX(SNXX.US) surged 5.33% to $14.82. Inverse ETFs declined, with MUD(MUD.US) down 2.01% and SNDQ(SNDQ.US) falling 6.21% to $14.50.