"We saw a significant reduction in near-term industry bit demand, primarily attributable to end demand weakness in consumer markets," said CEO Sanjay Mehrotra.

Stock futures edge lower following worst quarter in 50 years; Micron shares slide on grim chip sector sales forecast; Tesla shares bump as investors brace for Q2 deliveries; Kohl's shares tumble on report of cancelled takeover talks and Bitcoin tests $19,000 as global crypto markets wobble

Advanced Micro Devices stock is making new 52-week lows. Is it time to buy?

Micron is set to report earnings on Thursday after the close, but the stock sits on critical support. Will it hold or will it fold?

Tesla will publish Q2 deliveries over the coming days following the biggest three-month decline on record for shares of the world's most-valuable carmaker.

"Given the environment and market volatility, the Board determined that it simply was not prudent to continue pursuing a deal," said chairman Peter Boneparth.

GM said chip shortages and supply chain snarls left nearly 100,000 vehicles unfinished over the second quarter.