Key market movements on Thursday saw a significant pre-market downturn in the semiconductor sector, with Broadcom (AVGO), Micron Technology (MU), and Marvell Technology (MRVL) leading the losses.

The decline followed Broadcom's Wednesday earnings report, which fell short of market expectations.

The collective weakness in chip stocks contributed to a softer opening for Nasdaq futures.

Pre-Market Price Action

Broadcom (AVGO): Down $72.73, a decline of 15.18%.

Micron Technology (MU): Down $78.16, a decline of 7.24%.

Marvell Technology (MRVL): Down $21.40, a decline of 7.09%.

Intel (INTC): Down $5.24, a decline of 4.65%.

Qualcomm (QCOM): Down $12.25, a decline of 4.92%.

The technology sector was broadly weaker in Thursday's pre-market trading as capital flowed out of semiconductors, with Broadcom, Micron Technology, and Marvell Technology leading the sector lower.

Broadcom, which focuses on custom AI chip development and manufacturing, saw its shares plunge 15.2% ahead of the opening bell after reporting quarterly results that missed analyst forecasts.

The sharp drop in Broadcom triggered a broad pre-market pullback across the chip and tech space.

Micron Technology was down 7.2% pre-market, while Marvell Technology fell 7.1%.

Other chipmakers also declined: Qualcomm was down 4.9%, Intel fell 4.7%, and Advanced Micro Devices (AMD) dropped 4%.

Nasdaq 100 futures, which are heavily weighted toward technology stocks, were recently down 1.3%.