US chip stocks extend pre-market losses, with Marvell Technology and SK Hynix down over 5%

According to MSX.COM data, US chip stocks extended their pre-market decline after Nvidia announced that Jensen Huang has resigned as Chief Executive Officer. Intel (INTC.O) fell 3.7%, Marvell Technology (MRVL.O) dropped 5.2%, Micron Technology (MU.O) declined 5.2%, Arm (ARM.O) fell 4.1%, SK Hynix (SKHY.O) US shares dropped 5.1%, and TSMC (TSM.N) declined 3.5%.