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Why Nvidia, Broadcom, and Taiwan Semiconductor Manufacturing Are Plunging Today
Shares of many semiconductor companies, including Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), and Taiwan Semiconductor (NYSE: TSM) tumbled again today as investors processed the potential implications of President Donald Trump's tariffs on the companies and the broader tech industry.Nvidia's stock was down 6.1%, Broadcom slid 6.1%, and Taiwan Semiconductor (also known as TSMC) fell 5.8% as of 11:27 a.m. ET.While semiconductors are currently excluded from the tariffs, Trump has indicated that they may not be exempt forever. That threat, along with the potential negative effects of tariffs on technology investments, is driving these artificial intelligence (AI) stocks down today.Continue reading
Shares of many semiconductor companies, including Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), and Taiwan Semiconductor (NYSE: TSM) tumbled again today as investors processed the potential implications of President Donald Trump's tariffs on the companies and the broader tech industry.
Nvidia's stock was down 6.1%, Broadcom slid 6.1%, and Taiwan Semiconductor (also known as TSMC) fell 5.8% as of 11:27 a.m. ET.
While semiconductors are currently excluded from the tariffs, Trump has indicated that they may not be exempt forever. That threat, along with the potential negative effects of tariffs on technology investments, is driving these artificial intelligence (AI) stocks down today.
