India, June 24 -- European stocks are seen opening flat to slightly lower on Wednesday as investors fret over chip stock valuations and the future administration of the Strait of Hormuz.
Following a bruising sell-off in technology and chipmaking shares on Wall Steet overnight, focus now shifts to earnings from memory chip major Micron later in the day.
Micron is set to report its fiscal third-quarter earnings after the U.S. closing bell, with investors waiting for more cues on AI-driven demand for memory.
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