U.S. stock futures fell across the board, with chip stocks experiencing a sell-off before the market open; Micron Technology and ARM fell over 6%

According to Odaily Planet Daily news, based on data from MSX.COM, chip giant Broadcom fell 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, lower than the analysts' average estimate of $17.2 billion.

Broadcom's latest performance guidance disappointed the market, triggering a collective sell-off of chip stocks among investors. Micron Technology and ARM fell over 6%, SanDisk fell over 4%, and Western Digital, AMD, Intel, Seagate Technology, and Qualcomm fell over 3%, while ASML fell over 2%. U.S. stock futures collectively declined, with the Dow Jones index falling 1.21%, the S&P 500 index falling 0.74%, and the Nasdaq Composite Index falling 0.89%.