Storage chip stocks extended their rebound from Monday's session in overnight trading, with the sector posting modest gains. Micron Technology(MU.US) rose 0.71% to $930.61 in overnight trading, while SanDisk(SNDK.US) gained 0.54% to $1560.30. Western Digital(WDC.US) edged up 0.25% to $428.00, Seagate(STX.US) climbed 0.23% to $807.44, and Everspin Technologies(MRAM.US) advanced 0.61% to $14.82.
On the news front, the storage chip sector saw a technical rebound in overnight trading following a sharp pullback during Monday's regular session. During regular hours, Micron fell 5.25% to $924.03, SanDisk dropped 4.98% to $1551.99, Western Digital declined 4.52% to $426.94, and Seagate slid 2.97% to $805.55. Among derivative ETFs, the 2x leveraged ETF MUU.US gained 1.31% to $28.51 in overnight trading, while the inverse ETF MUD.US fell 0.93% to $10.63, showing significant leverage effects.