Intel, AMD, Micron shares sink as Broadcom results spark semiconductor sector sell-off

What happened: Semiconductor stocks, including Intel (INTC), AMD (AMD), Arm Holdings (ARM), and Marvell Technology (MRVL), fell much than 3% pre-market connected Thursday arsenic the broader spot assemblage came nether unit pursuing a disappointing outlook from customized AI spot decorator Broadcom (AVGO).

High-flying representation and retention names Micron (MU) and SanDisk (SNDK) besides tumbled 6% and 4% respecitvely successful premarket trading.

What's down the move: A weaker-than-expected AI spot outlook from Broadcom, coupled with the company's determination to reiterate alternatively than rise its 2026 guidance, sent shares of the Palo Alto-based institution plunging astir 15%.

The selloff rippled crossed the semiconductor sector, with investors heading for the exits aft a blistering rally that pushed galore spot stocks to grounds highs.

What other you request to know: Semiconductors person led the broader banal marketplace beforehand to all-time highs, with galore names posting outsized gains successful caller weeks.

Micron was among the sector's biggest winners past month, surpassing a marketplace capitalization of $1 trillion for the archetypal time.

Earlier this week, Marvell shares surged astir 40% implicit 2 trading sessions aft Nvidia CEO Jensen Huang described the AI accelerator decorator arsenic the "next trillion-dollar company."

Ines Ferre is simply a elder concern newsman for Yahoo Finance. Follow her connected X astatine @ines_ferre.

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