Reported about 1 year 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