U.S. stock futures fell across the board, with chip stocks being sold off in pre-market trading. Micron Technology and ARM fell over 6%

According to Odaily Planet Daily, citing MSX.COM data, chip giant Broadcom plunged 14% in pre-market trading. Its overall revenue and earnings per share for the second fiscal quarter slightly exceeded expectations, but its AI chip sales guidance for the next quarter was $16 billion, lower than the analysts' average expectation of $17.2 billion.

Broadcom's latest performance guidance disappointed the market, triggering a wave of selling by investors in chip stocks. Micron Technology and ARM fell over 6%, SanDisk fell over 4%, while Western Digital, AMD, Intel, Seagate Technology, and Qualcomm all fell over 3%. ASML fell over 2%. U.S. stock futures collectively declined, with the Dow Jones Industrial Average down 1.21%, the S&P 500 Index down 0.74%, and the Nasdaq Composite Index down 0.89%.