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Trump rally incident: How will markets react?
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Chip Stocks Shed Over $500 Billion Amid China Trade Fears

👉 Key Highlights:
📍 Semiconductor index lost over $500 billion in value.
📍 U.S. mulling tighter curbs on semiconductor exports to China.
📍 $ASML Holding (ASML.US)$ shares fell 13% despite beating profit estimates.
📍 $NVIDIA (NVDA.US)$ fell nearly 7%, losing $200 billion in market cap.
📍 $Advanced Micro Devices (AMD.US)$ and $Arm Holdings (ARM.US)$ dropped about 10%; $Micron Technology (MU.US)$ fell 6%; $Broadcom (AVGO.US)$ lost 8%.
📍 $GlobalFoundries (GFS.US)$ gained almost 7%; $Intel (INTC.US)$ edged up 0.35%.
📍 Trump’s remarks on Taiwan defense payments added to the sell-off.
📍 $Taiwan Semiconductor (TSM.US)$ shares dropped 8% following Trump’s comments.
👉 Expert Statements:
🗨️ "Market reactions are likely short-lived because the fundamental factors driving these markets haven't changed. U.S. restrictions on shipments to China will likely increase somewhat, but they've already been in place for a while," said Bob O'Donnell, chief analyst at TECHnalysis Research.
🗨️ "It's likely President Trump would not only continue export restrictions, but strengthen them," said Michael Sobolik, a senior fellow at the American Foreign Policy Council.
Chip Stocks Shed Over $500 Billion Amid China Trade Fears
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