U.S. Markets open in 4 hrs 48 mins

Chip Stocks Weaken: Could All Tech Stocks Suffer?

Sarah Sands
Chip Stocks Weaken: Could All Tech Stocks Suffer?

After news came that Donald Trump was planning to restrict Chinese investments in the US technology sector, major technology stocks and semiconductor stocks fell. The Technology Select Sector SPDR ETF (XLK) fell 2% on June 25, and the iShares PHLX Semiconductor ETF (SOXX) fell 2.9%. Meanwhile, major chip stocks Advanced Micro Devices (AMD), NVIDIA (NVDA), and Micron Technology (MU) fell 4.3%, 4.7%, and 6.9%, respectively.