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%…
