Chip stocks fall as equipment maker Lam Research cites 'supply chain constraints'

Semiconductor stocks fell in pre-market trading on Thursday as a major equipment supplier cited supply chain constraints on its earnings call. The PHLX Semiconductor Index (SOXX) was poised to open down 4% amid investor concerns that such limitations could potentially hurt chip sales. AI chip heavyweight Nvidia (NVDA) and Qualcomm (QCOM) dropped more 2% while Marvell (MRVL) and Intel (INTC) shares were down 4% and 5%, respectively. Meanwhile, memory and storage highfliers Micron Technology (MU) and Sandisk (SNDK) were also in red territory in pre-market. Shares of the wafer equipment maker Lam Research (LRCX) fell as much as 9% in premarket trading after CFO Doug Bettinger said the quarterly revenue guidance of $8.