Global semiconductor and associated stocks fell on Wednesday, following a steep plunge in Nvidia's share price in the U.S. overnight.
On Tuesday, around $279 billion of value was wiped off of Nvidia. That was the biggest one-day market capitalization drop for a U.S. stock in history. Nvidia shares continued sliding in post-market trading Tuesday, falling 1.5%, after Bloomberg reported that the company received a subpoena from the Department of Justice as part of an antitrust investigation.People walk past the logo of Samsung Electronics in Seoul on July 7, 2022.
Nvidia's value chain extends to South Korea, namely, memory chip maker SK Hynix and conglomerate Samsung Electronics.declined more than 5%. TSMC manufactures Nvidia's high-performance graphics processing units which power large language models — machine learning programs that can recognize and generate text.Nikkei and Taiex plunge 4%, leading losses in Asia after Wall Street plummets on weak U.S.
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