((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
October 15 –
** Shares of Nvidia NVDA.O fell 4.8% to $131.53 on Tuesday, a day after the chipmaker hit a record closing record ** The stock ended Monday up 2.4%, about 2% from its intraday high of $140.76 hit on June 20, as investors bet on strong demand for the next generation of Blackwell artificial intelligence processors
** Late in the day, Bloomberg News reported that U.S. authorities discussed the possibility of limiting sales of artificial intelligence chips from Nvidia NVDA.O and other U.S. companies, including Advanced Micro Devices AMD.O , depending on the country
** The United States has focused on Persian Gulf countries, the report said, adding that the new approach would set a cap on export licenses for certain countries in the interest of national security
**The Philadelphia semiconductor index .SOX fell 3.5% on the session
**AMD lost 4.5% on Tuesday, while Intel INTC.O fell 2.4%
** Among the worst performers in the SOX index were chipmaking equipment makers Applied Materials AMAT.O , Lam Research LRCX.O and KLA Corp KLAC.O , all down ~6%-~7 %
** U.S.-listed shares of British chip designer Arm Holdings ARM.O lost more than 6%, Micron Technology MU.O fell 3%
**With Tuesday’s move, SOX is up ~25.5% year to date
Related News :