Reported about 4 hours ago
Chip stocks are experiencing significant declines following President Trump's suggestion of implementing stricter tariffs on semiconductors. Analysts warn that such tariffs could negatively affect demand, particularly in the automotive and consumer electronics sectors. While some companies may consider relocating production to the US, the semiconductor industry lacks the flexibility for such changes. Despite this gloomy outlook, certain stocks like Nvidia and Arm Holdings might still perform well.
Source: YAHOO