Major chipmakers' stocks waffle after Biden, Trump warnings rattle investors
Major computer chip manufacturers like Nvidia and TSMC slumped this week as actions by President Biden and Donald Trump fueled renewed geopolitical concerns among investors.
Major computer chip manufacturers like Nvidia and TSMC tried to shake off their slump Thursday after warnings from both President Biden and Republican nominee Donald Trump fueled renewed geopolitical concerns among investors.
A selloff in the chip sector earlier this week occurred after the Biden administration threatened severe restrictions on exports by foreign chipmakers to China, while former President Donald Trump rattled the market by suggesting Taiwan should pay the US to defend against China’s aggression.