US chip stocks fall after fleeting respite in previous session

Applied Materials

Today 13:38

** US semiconductor shares resume decline premarket after Wednesday's reprieve
** Chipmakers down: Nvidia NVDA.O 2.1%, Advanced Micro Devices AMD.O 4.4%; 
** Marvell MRVL.O, Applied Materials AMAT.O and Intel INTC.O lose between 4.6% and 4.9%
** Lam Research LRCX.O falls 7.2%, underperforming peers, after forecasting Q2 earnings beat as analysts see supply-chain shortages delaying growth, limiting earnings upgrades
** Memory-chip maker Micron MU.O declines 3%, while data-storage cos Western Digital WDC.O and Sandisk SNDK.O fell 3.3% and 4.1%, respectively
** Texas Instruments TXN.O dipped 0.74%, with losses kept in check by strong Q4 revenue
** Chip stocks have attempted a rebound this week following last week's sharp sell-off prompted by concerns over AI
** The Philadelphia SE Semiconductor Index .SOX has gained 3.3% this week up to Wednesday's close, after its steepest drop since March 2025 last week
** The index recorded its best day in nearly three weeks in the previous session
** As of last close, the index .SOX has jumped over 62% YTD

 (Reporting by Jayasree Prabhu)
 ((jayasree.prabhu@thomsonreuters.com))