Tech Stocks Tumble as Nvidia Warning and Tariff Fears Rattle Markets
U.S. stocks took a sharp hit Wednesday, with the S&P 500 falling 2.24% and the Nasdaq sliding 3.07%, driven by a major tech sell-off. Nvidia shares plunged 6.9% after the company revealed a $5.5 billion quarterly hit due to U.S. export restrictions on its H20 chips to China. Fed Chair Jerome Powell added to market jitters, warning that rising tariffs could fuel inflation and slow economic growth. The fallout dragged down other major chipmakers like AMD, Micron, and ASML, deepening fears of a broader tech downturn amid escalating U.S.-China tensions.
Read Full Article :- Dow Drops, Nasdaq Tumbles in Tech-Driven Sell-off
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