"ASML Faces Export Block to China, Rattling Chip Industry and Stock Prices"
The semiconductor sector experienced a widespread selloff, with the VanEck Semiconductor ETF dropping 3.3% and all of its 25 components declining. This downturn follows a significant gain in 2023, where the ETF surged 72.3%. Leading the selloff were shares of AMD, Intel, and ASML, with AMD's shares falling 6.1%, Intel's by 4.8%, and ASML's by 4.8% after being blocked from exporting some equipment to China. Despite the selloff, Nvidia Corp. had an outstanding 2023, with its stock increasing by 238.9%.