US chip stocks fall in pre-market trading, Intel (INTC.O) down 7.6%

According to MSX data, US chip stocks declined in pre-market trading, with Intel (INTC.O) falling 7.6%, AMD (AMD.O) down over 6%, Qualcomm (QCOM.O) dropping 5.4%, TSMC (TSM.N) losing more than 4%, and Baidu (BIDU.O), Broadcom (AVGO.O), and Nvidia (NVDA.O) down about 3%.