Here’s a look at companies in the spotlight before the close. Semiconductor Stocks — NVIDIA shares fell about 12.5% in premarket trading as once-strong semiconductor stocks fell amid a continued contraction in artificial intelligence (AI) deals. Broadcom fell about 9%, while Supermicro Computer and Arm Holdings each fell more than 12%. Apple — Apple shares fell more than 6% after Warren Buffett’s Berkshire Hathaway disclosed it had sold nearly half its stake in the iPhone maker. The drop came as a global sell-off accelerated on Wall Street. Tech Stocks — Major tech stocks were among the biggest losers in Monday’s global sell-off. Facebook parent Meta and Amazon each fell more than 6%, while electric-vehicle maker Tesla fell about 8.3%. Microsoft slid 4.3%. Lucid — Electric-vehicle shares fell about 8% ahead of the company’s second-quarter earnings, due to be released at the close. Analysts surveyed by FactSet expected a loss of 27 cents a share on revenue of $190.3 million for the second quarter. Keranova — The snack food stock rose 21% after Reuters and The Wall Street Journal reported that the company was in talks with candy maker Mars about a possible acquisition. The Journal reported that the deal could value Keranova at about $30 billion. Cryptocurrency — Stocks linked to bitcoin prices were hit hardest in premarket trading as the leading cryptocurrency dipped below $50,000 for the first time this year. Coinbase fell 13%, while MicroStrategy tumbled 17%. Marathon Digital slid 13%, with other miners also dropping by double digits. Cryptocurrency trading business Robinhood slid 9%. Analysts surveyed by FactSet expect Palantir to report second-quarter revenue of $653.2 million, above guidance, which is higher than the company’s revenue forecast of $649 million to $653 million. Analysts also expect quarterly earnings per share of 8 cents, according to FactSet.—CNBC’s Tanaya Maciel, Samantha Sabin, Jesse Pound and Brian Evans contributed to the report.
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