Stocks making the biggest moves premarket: Nvidia, Arm, Taylor Morrison, Qualcomm & more

The SEC has eliminated the 25-year-old “pattern day trader” (PDT) designation and updated margin guidance, according to the article. FINRA’s prior $25,000 account-size and four-in-five-days PDT tracking requirements are removed; brokers must instead apply existing margin rules with a $2,000 minimum equity balance. The change could increase day-trading activity and benefit discount brokers such as Robinhood, Schwab, E*TRADE, and Interactive Brokers.

Friday’s US market selloff was led by the Nasdaq, which fell about 4.2% to its biggest one-day drop since April 2025, after a stronger-than-expected jobs report raised concerns the Fed will keep rates higher for longer. Nvidia shares fell over 6% and Broadcom nearly 8%. The S&P 500 dropped about 3% and Treasury yields rose, according to Reuters.

US tech and semiconductor stocks fell sharply on Friday as investors cooled on AI-driven valuations and digested stronger US jobs data. The PHLX Semiconductor Index dropped 10.3% (steepest since March 2020), extending a two-day slide that erased about 12% and ~$1.3 trillion in chipmakers’ value. Nvidia fell ~6%, Micron 13%, Marvell 17%, AMD ~11%, and Broadcom 7.9%. The Nasdaq fell 1.4% and S&P 500 0.7%.

SpaceX filed Amendment No. 2 on June 3 adding a June 5, 2026 Cloud Service Agreement with Google LLC for about 110,000 NVIDIA GPUs plus CPUs and related components. Google will pay $920 million per month from Oct 2026 to Jun 2029 (~$29.4 billion), with delivery terms and exit options. The IPO S-1 reserves 5% for “friends and family” of executives, without a lockup. It also says it may issue significant equity for future transactions.

Bitcoin fell more than 17% over the week, dropping below $60,000, as long liquidations worth $532 million on Binance intensified selling. Sentiment also weakened after Strategy sold 32 BTC for $2.5 million, raising concerns about future corporate sales. Ethereum, Solana, and related stocks also declined, while strong U.S. labor data reduced rate-cut hopes and ETF inflows were small.

U.S. stocks fell sharply on Friday, ending a nine-week winning streak as technology and semiconductor shares led losses. The Nasdaq dropped 4.18% to 25,709.43, the S&P 500 fell 2.64% to 7,383.74, and the Dow fell 1.35% to 50,866.78. The Labor Department said May jobs rose 172,000, above forecasts, raising expectations the Fed may keep rates higher longer. The Philadelphia Semiconductor Index fell over 11%, with major chipmakers including Nvidia, Intel, AMD, Micron, and Broadcom down.