US chip stocks extended their declines in premarket trading, with Micron Technology falling 5.2%.

On November 12, according to Bitget market data, US chip stocks continued their pre-market decline following NVIDIA's announcement that CEO Jensen Huang had stepped down. Intel (INTC.O) fell 3.7%, Marvell Technology (MRVL.O) dropped 5.2%, Micron Technology (MU.O) declined 5.2%, Arm (ARM.O) fell 4.1%, SK Hynix (SKHY.O) dropped 5.1% in US markets, and TSMC (TSM.N) fell 3.5%.