U.S. stock index futures collectively fell, with chip stocks sold off before the market open; Micron Technology and ARM dropped over 6%

According to Odaily Planet Daily, data from MSX.COM shows that chip giant Broadcom plummeted 14% before the market open. 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, below the analysts' average estimate of $17.2 billion.

Broadcom's latest performance guidance disappointed the market, triggering a collective sell-off of chip stocks by investors. Micron Technology and ARM fell over 6%, SanDisk dropped over 4%, and Western Digital, AMD, Intel, Seagate Technology, and Qualcomm fell over 3%, while ASML fell over 2%. U.S. stock index 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%.