Semiconductor shares mixed in premarket trading on Thursday.
Broadcom up 5%; Applied Materials, SOXL up 3%; ASML, AMD, Nvidia up 2%; Micron, Marvell up 1%; ARM down 7%; Qualcomm down 12%; Wolfspeed down 14%.
Shares of ARM Holdings fell on Wednesday as its licensing revenues fell short of Wall Street estimates, despite a push by the company to boost the segment with new chip technology designs.
Chip supplier Qualcomm forecast second-quarter revenue and profit below Wall Street estimates on Wednesday, expecting a global memory supply shortage to hit mobile phone sales.
The results from San Diego, California-based Qualcomm come at a time when global electronics supply chains are grappling with an acute shortage of memory chips - an essential fixture across devices from smartphones to data centers.
Wolfspeed Inc. shares dropped after the company released its second-quarter earnings report, the first since emerging from Chapter 11 bankruptcy.
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