Shares of major chip stocks rose as investors bet these companies’ U.S. investments may help mitigate President Trump’s proposed 100% semiconductor tariffs.
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Nvidia says Anthropic is telling ‘tall tales’ in its defense of U.S. AI chip restrictions on China
President Donald Trump is reportedly working on updating the chip restrictions, adding another layer of uncertainty to the already contentious policy.
These overbought stocks need to cool off as the market trades back at record highs
Stocks that have soared recently could see a pullback in the coming weeks.
Trump reciprocal tariffs news conference set for 1 p.m.
Trump’s all-caps post on Truth Social announcing the presser offered no details about the plan for new tariffs.