Semiconductor actions plunged Thursday morning following a dramatic rally The day before, with Broadcom (Nasdaq: Avgo) Learn the decline and the Nvidia (Nasdaq: NVDA) Also displaying heavy losses. Broadcom dropped approximately 7% almost noon while Nvidia fell by more than 5%. Barely 24 hours earlier, the two shares had increased by more than 10% after President Trump interrupted most of the prices for 90 days while negotiations on commercial transactions took place.
In the midst of this volatility, a distinct report revealed that the White House had denied its plan to ban NVIDIA H20 H20 for China. Meanwhile, other manufacturers of key fleas have not been spared. AMD (Nasdaq: AMD), Intel (Nasdaq: Intc), Marvell (Nasdaq: MRVL), and Texas Instruments (TXN) each experienced decreases of around 8%, 7%, 12% and around 8.5% respectively. Qualcomm (Nasdaq: Qcom), Micron Technology (Nasdaq: Mu) and the analog devices (ADI) also dropped by 6% or more because the sale has intensified.
The Philadelphia (SOX) semiconductor index fell by around 8.5%, reflecting the generalized slowdown. Analysts have warned that Trump’s prices could further disrupt the global technological supply chain and could lead companies to retain profile advice during the next season.
This article appeared for the first time on Gurufocus.