Chip Stocks Rally After Brutal Rout—As Biden Reportedly Eases Planned Semiconductor Trade Rules
ASML Holding(ASML) Forbes·2024-07-31 19:51
ToplineChip stocks rallied on Wednesday following a report the United States will exempt allies like Japan and the Netherlands from expected trade restrictions on advanced semiconductor technology, paring losses in the wake of a bruising tech stock rout the day before as investors question whether big tech’s big bets on AI are paying off.Semiconductor stocks rallied on Wednesday. Getty Images Key FactsStock for major computer chip companies in Japan, the Netherlands and South Korea soared after Reuters repo ...