Nvidia, AMD, Micron Lead Chip Stocks Selloff as Iran Tensions Rattle Markets
GuruFocus·
- Major semiconductor stocks, including Nvidia, AMD, Broadcom, and Micron, experienced a significant selloff amid renewed geopolitical uncertainty surrounding U.S. - Iran negotiations.
- Nvidia fell 2% following a $100 billion credit support commitment for an OpenAI data center project, while AMD dropped 3% amid reports of a collaboration with Google on tensor processing units.
- The broader market downturn pushed the Nasdaq Composite down by nearly 1.38% and the S&P 500 down by 0.59%, highlighting near-term pressure on AI infrastructure investments.
