Chip Stocks Tumble Amid Global Semiconductor Tensions
TL;DR Summary
Chip stocks, including Nvidia, Intel, and TSMC, dragged down the Nasdaq despite gains in the Dow Jones and S&P 500. The decline follows reports that the U.S. has ordered TSMC to halt shipments of advanced AI chips to China, citing export restrictions. This move is part of ongoing tensions between the U.S. and China over technology and trade, which could escalate with former President Donald Trump's return to the White House. Meanwhile, the Dow and S&P 500 rose amid a post-election rally.
- Nvidia, Intel, and other chip stocks are dragging down the Nasdaq even as the Dow gains Quartz
- Why Taiwan Semiconductor Stock Fell Today Yahoo Finance
- India must cash in on chip war Hindustan Times
- Why Are Chip Stocks Trading Lower On Monday? Benzinga
- TSMC Stops Advanced Chip Shipments to Chinese Customers The New York Times
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