India, June 4 -- The major U.S. Index futures are currently pointing to a lower open on Thursday, with stocks likely to see further downside following the pullback seen in the previous session.
Technology stocks may lead the markets lower amid a steep drop by shares of Broadcom (AVGO), as reflected by the 1.2 percent slump by the tech-heavy Nasdaq 100 futures.
Shares of Broadcom are plunging by 14.6 percent in pre-market trading even though the chipmaker reported fiscal second quarter earnings that exceeded analyst estimates.
Traders are seemingly disappointed that Broadcom CEO Hock Tan failed to raise the company's full-year forecast of $100 billion in AI chip sales.
"Broadcom may have emerged as a key player in the booming AI infrastr...