Semiconductor Stocks Under Pressure: Nvidia and Others Plunge – Trade Conflicts and Circumventions Burden the Industry
Reading Time: 4 minutes
The global semiconductor markets experienced a dramatic crash on Monday. Shares of Nvidia (NASDAQ: NVDA) plummeted over 8.7%, officially pushing the company into a bear market. Other chip companies like AMD, Broadcom, and Marvell also recorded significant losses. The reason: concerns that Chinese companies continue to gain access to Nvidia's high-end AI chips despite US export controls. Additionally, the escalation of trade conflicts with Mexico and Canada is fueling new uncertainties in the markets. Nvidia: circumventing export controls? Since...
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