Intel shares slumped 13% premarket after the chipmaker reported a $333 million Q4 net loss and issued a bleak outlook, citing supply shortages that could persist into 2026. The weak results dragged down the broader semiconductor sector, which has been a market leader for two years. Investors are now questioning the sustainability of the AI-driven hardware boom.

Meanwhile, Nvidia gained 1.4% after Chinese authorities reportedly told tech firms they can prepare orders for its H200 AI chips, signaling potential approval for critical imports. Booz Allen Hamilton surged 5.6% on strong profitability metrics despite revenue declines. The mixed moves reflect a market grappling with geopolitical tensions and earnings disappointments.

FedEx fell 0.5% after announcing plans to cut up to 500 jobs in France as part of a domestic overhaul. JetBlue dropped alongside other airlines as a winter storm canceled hundreds of U.S. flights. Clorox shares dipped slightly after its $2.25 billion deal to acquire Purell maker Gojo Industries, while Capital One fell 2.4% on a quarterly earnings miss and its $5.15 billion acquisition of Brex.