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• Chipmakers fell sharply in premarket trading Thursday, with Broadcom, Micron and Marvell leading the losses.
• Broadcom reported weaker-than-expected earnings on Wednesday.
• The losses pushed Nasdaq futures lower ahead of the opening bell.

Technology stocks fell in premarket trading Thursday, with chipmakers Broadcom, Micron Technology and Marvell Technology leading the losses as investors fled the semiconductor space.

Broadcom shares were down 14.6% ahead of the market open after the company, which designs and makes customized AI chips for other technology names, reported weaker-than-expected earnings on Wednesday.

Stock Chart IconStock chart iconBroadcom.

The fall was part of a broader retreat from chipmakers and other tech stocks ahead of Thursday’s market open.

Micron Technology was down 6.2% in premarket trading, while Marvell Technologies had fallen 6.9%.

Elsewhere, Qualcomm shed 4%, with Intel falling 3.9%, and AMD down 4% ahead of the opening bell.

Futures tied to the tech-heavy Nasdaq were last seen 1.3% lower.

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