BUZZ-Chip stocks slip after AMD, Skyworks, SMCI post disappointing results

Reuters05-01

** Shares of chipmakers fall in premarket trading as Advanced Micro Devices , Super Micro Computer and Skyworks Solutions slide after results

** AMD slid 5.8% after AI chip sales forecast failed to impress investors

** AI server maker Super Micro Computer slumps 8.7% after Q3 revenue missed estimates, hurt by a shortage of some crucial components

** Skyworks, which makes radio frequency and other chips used in smartphones, forecast Q3 revenue below estimates on demand concerns

** Other chip stocks drop: Marvell Technology down 2.6%, while Micron and Nvidia fall 1.8% each and Intel shed 0.8%

** iShares Semiconductor ETF slips 1.8% after 11.4% rise YTD

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

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