Global Stock News

Nvidia (NVDA) stock rout leaves global chip shares volatile

Nvidia (NVDA) stock rout leaves global chip shares volatile

The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan.

Tyrone Siu | Reuters

Global semiconductor stocks saw volatile trading Tuesday after a slump in shares of Nvidia during the previous session.

Shares of chip firms in Europe and Asia fell in early trade as investors reacted to Nvidia losing more than $500 billion in market capitalization over three trading days. Some of the stocks recouped losses, however, as shares in the U.S. chipmaking giant rose around 5.5% as of Tuesday 11:40 a.m. ET.

Switzerland-based semiconductor firm STMicroelectronics‘ shares ended the day down more than 1.4%.

In Europe, ASML, the Dutch chip equipment giant, reversed losses earlier in the day to close up 0.18%…

Source link

Share this article

Scroll to Top