Chip Stocks Slide As Broadcom Sparks Tech Selloff

Technology and semiconductor stocks came under pressure in premarket trading Thursday, led by sharp declines in Broadcom, Micron Technology and Marvell Technology.

Broadcom shares fell 14.6% after the company reported earnings that disappointed investors, according to the report. The weakness spread across the broader chip sector, triggering a wider retreat in technology stocks.

Micron, Marvell, and Broadcom lead chipmakers' premarket losses https://t.co/frh39tR92M

— CNBC (@CNBC) June 4, 2026

Micron dropped 6.2% in premarket trading, while Marvell lost 6.9%. Other major chipmakers also moved lower, with Qualcomm down 4%, AMD declining 4%, and Intel shedding 3.9%, the report said.

The selloff weighed on the broader tech market, with Nasdaq futures falling 1.3% before the opening bell. According to the report, investors appeared to be pulling back from semiconductor stocks amid concerns about earnings performance and growth expectations in the sector.

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tippinsightsTIPP Staff