Nvidia's half-a-trillion dollar wipeout leaves global chip stocks volatile

Switzerland-based semiconductor firm StMicroelectronics' shares were down 1.7%, while ASML, the Dutch chip equipment giant, fell about 0.5%.

In Asia, Taiwanese chip firm MediaTek's shares were off by 1.8% and South Korean firm Samsung's fell 0.3%.Shares of chip firms in Europe and Asia were broadly in the red as investors reacted to Nvidia losing over $500 billion in market capitalization over three trading days — although the U.S. chipmaking giant's shares were around 3% higher in early trade Tuesday., the Dutch chip equipment giant, was down about 0.5% as of 10:45 a.m. ET Tuesday, off earlier lows.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 things to watch in the stock market Tuesday including Nvidia price-target hikesMay retail sales came in weaker than expected. Meanwhile, Apple and Nvidia received price-target increases from analysts.
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 climbs to another record close Tuesday as Nvidia's market cap tops MicrosoftSamantha Subin is a digital news associate with CNBC.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Stock market today: Global stocks mixed after Nvidia tumbles again as AI mania coolsWorld stocks are mixed after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied.
Source: ksatnews - 🏆 442. / 53 Read more »