Semiconductor Stocks Decline in Premarket Amid Concerns Over Chip Demand and Potential OpenAI IPO Delay

Deep News
3小時前

Semiconductor stocks are broadly lower in premarket trading as investors worry whether robust chip demand can be sustained following widespread price increases for Apple and Xbox products. Additionally, reports suggesting a potential delay in OpenAI's initial public offering have further dampened market risk appetite.

NVIDIA shares are down 1.4%, Advanced Micro Devices is off 2.8%, Broadcom has declined 1.4%, Qualcomm is down 1.9%, Intel has fallen 3.1%, and Marvell Technology is lower by 3.3%.

Memory chip and storage device companies are also broadly lower: Micron Technology is down 4.1%, SanDisk has declined 4.7%, and Western Digital is off 3.5%.

Among semiconductor equipment manufacturers: Applied Materials is down 2.1%, KLA-Tencor has fallen 2.6%, and Lam Research is lower by 2.8%; this decline comes despite reports earlier this week in Korean media that Samsung Electronics and SK Hynix are preparing to announce new capital expenditure plans.

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