Chip stocks, led by Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) saw redemption in Thursday's premarket session after a broader market selloff Wednesday. The stock gave up the gain in the regular session.
The Biden administration's advanced semiconductor crusade against China and Presidential candidate Donald Trump's remarks against Taiwan Semiconductor Manufacturing Co (NYSE:TSM) cost the semiconductor sector over $500 billion in stock market value on Wednesday, Reuters reports.
Chip stocks got a boost from Taiwan Semiconductor's upbeat quarterly results Thursday, thanks to the AI ...