Chip stocks drop on fears US to toughen China rules

Posted under: Tech Move
Date: 2024-07-18
Chip stocks drop on fears US to toughen China rules

Technology stocks fell globally after reports of potential U.S. restrictions on semiconductor equipment exports to China. Comments from Trump about Taiwan added to the concerns. The Nasdaq dropped 2.7%, with significant losses in chip stocks like Nvidia, AMD, TSMC, Tokyo Electron, and ASML. Despite fears, experts believe the semiconductor industry's long-term trend remains positive.

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