24H｜Tech, Especially Chip, Stocks Sink on Nvidia Curbs, Minerals Probe; United Airlines Jumps After Earnings
Tech, especially chip, stocks slumped in overnight trading after Nvidia said the government was setting new limits on its exports to China and President Donald Trump ordered a probe into potential tariffs on critical minerals.
AMD fell 7%; Nvidia fell 6%; Super Micro and Broadcom fell 4%; Marvell Technology, Arm, and Micron fell 3%; TSMC, Palantir, Tesla, Intel, Meta, Dell, and ASML fell 2%; Qualcomm, Apple, and Amazon fell 1%.
United Airlines Holdings beat profit expectations, calling it its best first-quarter financial results in five years despite a challenging macroeconomic environment. The shares jumped 5% in overnight trading.
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