S&P 500 and Nasdaq futures are also falling in premarket trading Thursday. The Dow is flat as the stock market digests latest comments from President Donald Trump.
Broadcom created a lot of hype with its comments on its AI addressable market, which have powered its stock price in December. Meanwhile, Nvidia's stock struggled to close out the year.
Chip stocks including Nvidia and Arm fell Thursday after an Nvidia supplier, SK Hynix, spoke about uncertainty in semiconductor demand in 2025 on its earnings call.