By Hugh Leask
Publication Date: 2026-06-04 11:22:00
Technology stocks fell in premarket trading Thursday, with chipmakers Broadcom, Micron Technology and Marvell Technology leading the losses as investors fled the semiconductor space.
Broadcom shares were down 15.1% ahead of the market open after the company, which designs and makes customized AI chips for other technology names, reported weaker-than-expected earnings on Wednesday.
Broadcom.
The fall was part of a broader retreat from chipmakers and other tech stocks ahead of Thursday’s market open.
Micron Technology was down 7.1% in premarket trading, while Marvell Technologies had fallen 7.5%.
Elsewhere, Qualcomm shed 3.9%, with Intel falling 4.1%, and AMD down 4.3% ahead of the opening bell.
Futures tied to the tech-heavy Nasdaq were last seen 1.4% lower.
AI memory chips have been a key theme in the equity market rally in recent weeks. Thursday’s retreat led equities markets lower, with the S&P 500 futures last seen 0.7% down.
In a note Thursday, HSBC…
