NVDA, AVGO, MU: Why AI Chip Stocks are Sliding Today

AI chip stocks slipped in premarket trading on Friday after Intel (INTC) raised concerns about chip supply and posted weaker-than-expected revenue and profit guidance. Micron (MU) fell 1.3%, Nvidia (NVDA) slipped 0.5%, and Broadcom (AVGO) dropped 0.7%. Meanwhile, Intel shares plunged more than 13% in premarket trading.

For context, Intel reported a net loss of $333 million in Q4 2025 as the company ramps up spending to scale production of its newest chips while dealing with inventory constraints. Looking ahead to Q1 2026, the company expects a loss (GAAP) of $0.21 per share.