Chip-related U.S. stocks moved lower in premarket trading, according to Rootdata market data cited by ChainCatcher. Marvell Technology (MRVL.O) posted the steepest decline in the group, falling 10.2%. Intel (INTC.O) and Micron (MU.O) were both down 4%, while Arm (ARM.O) lost 3.7% and AMD (AMD.O) slipped 3.4%.
Other semiconductor names also traded lower before the open. Broadcom (AVGO.O) fell 3%, Lam Research (LRCX.O) dropped 2.9%, Taiwan Semiconductor Manufacturing Co. (TSM.N) declined 2.8%, Applied Materials (AMAT.O) lost 2.6%, and Qualcomm (QCOM.O) was down 2%. The move covered a broad set of chip stocks in premarket action.
Chip-related U.S. stocks were broadly lower in premarket trading, according to Rootdata market data cited by ChainCatcher.
Marvell Technology (MRVL.O) fell 10.2%. Intel (INTC.O) and Micron (MU.O) were both down 4%, while Arm (ARM.O) lost 3.7% and AMD (AMD.O) slipped 3.4%.
Broadcom (AVGO.O) declined 3%, Lam Research (LRCX.O) fell 2.9%, Taiwan Semiconductor Manufacturing Co. (TSM.N) dropped 2.8%, Applied Materials (AMAT.O) lost 2.6%, and Qualcomm (QCOM.O) was down 2%.
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