Slowdown And Tariff Talk Grips The Hottest Sector On Wall Street – Semiconductor ETF Now Has A Negative 1-Year Return

On Monday, Artificial intelligence chip stocks, including Nvidia Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Arm Holdings (NASDAQ:ARM), Micron Technology, Inc (NASDAQ:MU), Marvell Technology, Inc (NASDAQ:MRVL), Qualcomm Inc (NASDAQ:QCOM) were sliding.
Some reports indicate that the U.S. chip subsidies for contract chipmakers like Taiwan Semiconductor may be scrapped. President Donald Trump recently revealed his want to scrap the U.S. CHIPS Act.
Also Read: Grab Teams Up With Global Self-Driving Firms, Eyes Future of Ride-Hailing In Southeast Asia
Trump is due to meet with the leaders of some of the leading tech companies, including HP Inc (NYSE:HPQ), Intel Corp (NASDAQ:INTC), International Business Machines Corp (NYSE:IBM), and Qualcomm, which are vulnerable to potential stricter …Full story available on Benzinga.com

Read Full Article