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

Deep News
1 hour ago

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10