Intel's outlook falls short of expectations, dragging semiconductor stocks lower in pre-market trading

Intel (INTC.US) forecast fell short of expectations, leading to semiconductor stocks weakening in pre-market trading. AMD (AMD.US) dropped 6.5%, NVIDIA (NVDA.US) fell 2.5%, Micron Technology (MU.US) declined 3.7%, Arm (ARM.US) was down 7.5%, Qualcomm (QCOM.US) slid 3.9%, Broadcom (AVGO.US) decreased 3.5%, and the iShares Semiconductor ETF fell 5.6%.