BUZZ-US chip stocks fall after AMD's downbeat Q4 revenue forecast
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U.S. chip stocks declined in premarket trading following Advanced Micro Devices' (AMD) disappointing Q4 revenue forecast, which fell short of investor expectations amid the AI boom. AMD's shares dropped 8.5%, impacting the sector, with Nvidia down 0.8%, Micron down 1.2%, and Broadcom slipping 0.5%. Other notable declines included Intel (1.2%), Qualcomm (2.6%), and Arm Holdings (2.8%). The iShares semiconductor ETF fell 1.9%.
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