What's Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?

Quick Summary:

Nvidia suppliers and rivals including Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Advanced Micro Devices, Inc (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), Arm Holdings plc (NASDAQ:ARM), Texas Instruments Inc (NASDAQ:TXN), Marvell Technology, Inc (NASDAQ:MRVL), Micron Technology, Inc (NASDAQ:MU), ON Semiconductor Corp (NASDAQ:ON), STMicroelectronics NV (NYSE:STM) are down in pin action with the interconnectivity of the semiconductor ecosystem.

Semiconductor stocks, led by Nvidia Corp (NASDAQ:NVDA), are trading lower Monday amid reports that Beijing is encouraging Chinese firms to focus on domestic artificial intelligence (AI) chips from companies like Cambricon Technologies Corp and Huawei Technologies Co.

The move marks an escalation of geopolitical tensions between China and the U.S.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaTaiwan

Topics: US38259P7069 US67066G1040 Why it's moving Regulations Briefs US5949181045 US4581401001 INTC MSFT STM Benzinga Stories That Matter BABA GOOGL BMG5876H1051 US5951121038 AVGO News ON US0079031078 TSM SMCI Tech US86800U1043 GOOG Government US8825081040 MRVL NVDA TXN MU SG9999006241 ARM AMD US8610121027 US8740391003 US38259P5089

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-09-30 @ 13:22:40 (10 hours ago)

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News Source URL: benzinga.com

Language: English

Article Length: 422 words

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Sentences: 19 lines

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