US chip stocks fell across the board before the market opened

Zhitong
2024.08.02 08:04

Pre-market, US chip stocks fell across the board, with Intel down nearly 20%. Q2 revenue unexpectedly declined, leading to a planned workforce reduction of over 15% and a suspension of dividends starting in Q4. ASML dropped over 6%. NVIDIA fell over 2% due to a complaint from a competitor triggering an antitrust investigation by the US Department of Justice

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