Nvidia, Chip Stocks Fall
Nasdaq slips, S&P halts two-day win streak as ASML, Nvidia weigh on chip stocks
Wall Street retreated on Tuesday, as chip stocks took it on the chin following disappointing earnings from Dutch giant ASML (ASML). Read more here.
Stock market today: Stocks retreat from records as Nvidia, ASML lead chipmakers lower
US stocks took a leg lower on Tuesday as investors reacted to downbeat earnings from ASML Holding (ASML) that dropped a day earlier than expected, sending chipmaker stocks lower across the board. Shares of the leading semiconductor supplier sank around 15% after its earnings,
Nvidia, Chip Stocks Fall After ASML’s Tepid Outlook
Dutch chip-making equipment giant ASML pointed to growing caution Tuesday among its customers as the overall chip market takes longer than expected to recover, even while AI chips remain in high demand.
News of a Possible AI Chip Cap, ASML Sales Warning Hit Nvidia and Other Semi Stocks
Key Takeaways Nvidia and other chip stocks lost ground Tuesday, weighed down by a report that the Biden administration is considering caps on exports to certain nations.Bloomberg said the focus was on Persian Gulf countries that have growing interest in AI and the means to purchase the technology.
Nvidia Stock Falls After ASML Earnings Leak Early. Why the Drop Is an Overreaction.
A small decline in Nvidia stock picked up speed Tuesday after earnings results from ASML appeared to have been released a day earlier than expected. ASML’s latest results were briefly available on the company’s website,
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