By Asa Fitch
Chips were never safe from tariff pain despite their initial exclusion from President Donald Trump's new levies on Wednesday. His announcement aboard Air Force One yesterday that the sector was in his crosshairs for direct tariffs has rightly rattled investors further.
Chip stocks fell across the board Friday, extending a disastrous two-day period for the sector. Nvidia is down more than 14% since Wednesday's close, shedding nearly $400 billion in market cap. Broadcom, Intel, Advanced Micro Devices and Qualcomm also declined, leading the PHLX Semiconductor Sector index down more than 17% in a day and a half of trading. That's significantly worse than the broader market: the S&P 500 is down by around 9% over the same period.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 04, 2025 13:57 ET (17:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。