AI Chip Stocks Plummet as US Slaps New Export Restrictions
Nvidia (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing Company (NYSE: TSM), and Micron (NASDAQ: MU) are seeing broad sell-offs in Monday’s trading, with the three stocks down 2.4%, 3.4%, and 4.8%, respectively, as of 12:45 p.m. ET. The move is attributed to new regulations announced by US officials that will limit the export of advanced AI chips … Read more