Here’s a look at the companies making headlines before the close: Chip Stocks – Nvidia shares fell about 12.5% in premarket trading as artificial intelligence trade continued to ease, dragging down the once-hot semiconductor stocks. Broadcom shares fell about 9%, while Super Micro Computer and Arm Holdings both fell more than 12%. APPLE — Apple shares fell more than 6% after Warren Buffett’s Berkshire Hathaway revealed it sold nearly half of its stake in the iPhone maker. Shares also fell as the sell-off in global markets intensified on Wall Street. TECHNOLOGY – Major technology stocks were among the biggest decliners in Monday’s global market selloff. Facebook parent company Meta and Amazon both fell more than 6%, while electric car maker Tesla fell about 8.3%. Microsoft fell 4.3%. Lucid — The electric-vehicle stock retreated about 8% before the company reported second-quarter results after the close. Analysts polled by FactSet forecast a second-quarter loss of 27 cents per share on revenue of $190.3 million. Kellanova – The snack food stock jumped 21% after Reuters and The Wall Street Journal reported that the company is in discussions with candy maker Mars about a potential acquisition. According to the Wall Street Journal, the deal values Kellanova at approximately $30 billion. Cryptocurrency — Stocks tied to the price of Bitcoin were among the hardest hit in pre-market trading as the flagship cryptocurrency fell below $50,000 for the first time this year. Coinbase fell 13% and MicroStrategy fell 17%. Marathon Digital fell 13%, and other miners also fell by double digits. Robinhood, which owns a cryptocurrency trading business, fell 9%. Palantir — Shares of the software company plunged nearly 12.2% before reporting a profit after the close. Analysts polled by FactSet expect Palantir’s second-quarter revenue to be $653.2 million, above expectations and higher than the company’s revenue forecast of $649 million to $653 million. Analysts also expected earnings of 8 cents per share for the quarter, according to FactSet. —CNBC’s Tanaya Macheel, Samantha Subin, Jesse Pound and Brian Evans contributed reporting.
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