Chip Stocks Nvidia, ASML, and TSMC Plunge: Reasons Behind the Drop

Reported 12 months ago

Major semiconductor chip stocks like Nvidia (NVDA), Taiwan Semiconductor Manufacturing (TSM), and ASML (ASML) experienced significant declines due to factors including concerns over export restrictions to China and a broader shift away from tech stocks. ASML saw the steepest drop after reporting lower-than-expected revenue forecasts, while former President Trump's comments on Taiwan further impacted TSMC stock. The overall semiconductor sell-off coincided with investors moving from large-cap tech stocks to small-cap options as optimism increased about potential Federal Reserve rate cuts.

Source: YAHOO

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