"Nasdaq futures fall 1 percent as Nvidia takes down chipmakers" (NVDA; AMD; INTC; AMZT)

In pre-market action NVDA is showing very little recovery from the lows seen last night AH [$163.56  (17:56:18 PM)], currently $166.15, down $36.24 (17.91%).

From Reuters:

Nasdaq futures fell more than 1 percent on Friday, as disappointing forecasts from chip companies Nvidia and Applied Materials battered the technology sector and fueled further worries about a chip boom that maybe grinding to a halt. 

Nvidia Corp (NVDA.O) shares fell 17.8 percent in premarket trading after the chip designer blamed unsold chips piling up as the cryptocurrency mining boom fizzles out.

Rival Advanced Micro Devices Inc (AMD.O) dropped 5.9 percent and Micron Technology Inc (MU.O), which sells memory to Nvidia for its gaming cards, declined 3.9 percent...MORE

And more to come after the open.