Nvidia, Intel stocks fall as Taiwan Semi’s disappointing earnings report helps trigger broad chip-sector selloff

The semiconductor sector was suffering a broad selloff in Thursday’s premarket, in the wake of Taiwan Semiconductor Manufacturing Co. Ltd.’s earnings report, which disappointed investors. All 28 components of the PHLX Semiconductor Index
SOX,
-3.62%
that have traded before the open lost ground, with Taiwan Semi’s stock among the bigger losers as it shed 3.1%. Intel Corp.’s stock
INTC,
-3.16%
dropped 1.7% to lead the Dow Jones Industrial Average’s
DJIA,
+0.47%
premarket losers. The chip group’s most-active stock ahead of the open was Nvidia Corp.’s
NVDA,
-3.31%,
which fell 0.9%, after pulling back 0.9% on Wednesday following Tuesday’s record close. Among other more-active stocks, Advanced Micro Devices Inc.’s
AMD,
-5.31%
lost 0.9%, Micron Technology Inc.’s
MU,
-0.42%
gave up 0.9% and Qualcomm Inc.’s
QCOM,
-2.97%
fell 0.8%.