Stocks making the biggest moves premarket: Nvidia, Apple, Kellanova and more

Check out the companies making headlines before the bell. Chip stocks — Nvidia shares fell roughly 12.5% in premarket trading as the artificial intelligence trade continues to unwind, dragging down once-hot semiconductor plays. Broadcom slipped about 9%, while Super Micro Computer and Arm Holdings shed more than 12% each, meanwhile. Apple – Apple shares sank more than 6% after Warren Buffett's Berkshire Hathaway revealed it sold nearly half its stake in the iPhone maker.

Kellanova — The snack food stock jumped 21% on the heels of reports from Reuters and The Wall Street Journal that the company is in discussions with candymaker Mars about a potential acquisition. The deal could value Kellanova at roughly $30 billion, according to the Journal report. Crypto – Stocks tied to the price of bitcoin were among the hardest hit in premarket trading as the flagship cryptocurrency dropped below $50,000 for the first time this year.

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Apple And Nvidia Stocks Boost S&P 500 And Nasdaq To All-Time HighsDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
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