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Micron, Marvell, and Broadcom lead chipmakers' premarket losses
Technology stocks fell in premarket trading Thursday, with chipmakers Broadcom, Micron Technology and Marvell Technology leading the losses as investors fled the semiconductor space. Broadcom shares were down 15.1% ahead of the market open after the company, which designs and makes customized AI chips for other technology names, reported weaker-than-expected earnings on Wednesday. The fall was part of a broader retreat from chipmakers and other tech stocks ahead of Thursday's market open.