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Trump threatened to abolish the chip law: they took the money but did not spend it, it is better to use it to pay off debt.
Trump stated yesterday that USA lawmakers should abolish the Chips Act, which provides $52.7 billion in subsidies for Semiconductor manufacturing and production, and that this money should be used to pay off debt. Some officials expressed concerns and criticisms regarding Trump's remarks.
Express News | In overnight trading, CrowdStrike dips 10% with outlook missing estimates despite better-than-estimate revenue. AI-related stocks extend gains, SMCI rises 4%, Nvidia and Palantir up 2%.
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