Semiconductor stocks drop due to caution from ASML, restrictions on working with China.

From Nasdaq: 2024-07-17 16:15:13

Semiconductor stocks plunged as ASML’s management remains cautious about revenue growth despite positive results. Nvidia, Arm, and Micron saw sharp declines as well. U.S. may increase restrictions on companies working with China, impacting demand. High expectations for AI chip growth put pressure on semiconductor stocks. Investors weigh risks in a volatile market.



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