Stock Market Live: Tech Stocks Hammered as VanEck Semiconductor ETF (SMH) Down 3.75%
The semiconductor sector’s woes are hammering tech ETFs, with funds heavy in Nvidia and other chipmakers leading the market’s slide. The VanEck Semiconductor ETF (SMH), packed with names like Nvidia, AMD, and ASML, cratered over 3.75% after the U.S. tightened export controls on AI chips to China. Nvidia, the ETF’s top holding, warned of a […] The post Stock Market Live: Tech Stocks Hammered as VanEck Semiconductor ETF (SMH) Down 3.75% appeared first on 24/7 Wall St..
The semiconductor sector’s woes are hammering tech ETFs, with funds heavy in Nvidia and other chipmakers leading the market’s slide.
The VanEck Semiconductor ETF (SMH), packed with names like Nvidia, AMD, and ASML, cratered over 3.75% after the U.S. tightened export controls on AI chips to China. Nvidia, the ETF’s top holding, warned of a $5.5 billion charge as its H20 processors now require export licenses. The restrictions also hit AMD as the company export controls to apply to MI308 products, resulting in $800 million. Both stocks plunging close to 6% so far today. ASML, a key supplier of chip-making equipment, sank 5.75% after dismal order numbers and tariff warnings.
- Nasdaq Composite: -1.76%
- S&P 500: -1.00%
- Dow Jones Industrial Average: -0.42%
Today’s selling pressure raised the CBOE VIX index 3% after market fear dissipated the past two days.
The post Stock Market Live: Tech Stocks Hammered as VanEck Semiconductor ETF (SMH) Down 3.75% appeared first on 24/7 Wall St..