Semiconductor Shares Mixed; Broadcom up 5%; ASML, AMD, Nvidia up 2%; ARM down 7%; Qualcomm down 12%; Wolfspeed down 14%

Semiconductor shares mixed in premarket trading on Thursday.

Broadcom up 5%; Applied Materials, SOXL up 3%; ASML, AMD, Nvidia up 2%; Micron, Marvell up 1%; ARM down 7%; Qualcomm down 12%; Wolfspeed down 14%.

Shares of ARM Holdings fell on Wednesday as its licensing revenues fell short of Wall Street estimates, despite a push by the company to boost the segment with new chip technology designs.

Chip supplier Qualcomm forecast second-quarter revenue and profit below Wall Street estimates on Wednesday, expecting a global memory supply shortage to hit mobile phone sales.

The results from San Diego, California-based Qualcomm come at a time when global electronics supply chains are grappling with an acute shortage of memory chips - an essential fixture across devices from smartphones to data centers.

Wolfspeed Inc. shares dropped after the company released its second-quarter earnings report, the first since emerging from Chapter 11 bankruptcy.