Wall Street Sinks, Nvidia Slides Amid Fresh U.S. Chip Export Restrictions

Wall Street dipped Wednesday, led by chipmakers, after new U.S. export curbs hit Nvidia and AMD hard, wiping billions from their outlooks. Nvidia warned of a $5.5 billion charge, AMD $800 million. Investors grew cautious as trade tensions, tariff worries, and Fed rate speculations added uncertainty, despite strong retail sales data and stable earnings from United Airlines.

Read more on Reuters

Investors Evaluate Tariff Exemptions, Boosting Wall Street

Wall Street saw modest gains: Dow up 0.27%, S&P 500 0.38%, Nasdaq 0.21% as technology, semiconductor, and electronics stocks rallied after tariff exemptions were announced on smartphones and computers. Despite early tech strength, worries about economic growth and future levies linger. Goldman Sachs benefits, while Citigroup downgrades U.S. equities amid caution. Investors now eye policy shifts and emerging economic indicators.

Read more on Reuters

X