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Semiconductor Shares Decline After U.S. Takes Motion on Exports

By Stephen Nakrosis


Shares of a number of chip makers are buying and selling decrease Thursday amid a broad market decline, after the U.S. authorities imposed new licensing necessities on shipments of a number of the extra superior chips to China.

The Wall Avenue Journal reported that the U.S. Commerce Division declined to touch upon modifications to its coverage, however did say the motion was aimed toward protecting China from acquiring American expertise to advance its navy.

At 11:37 a.m. ET, shares of Nvidia Corp. have been buying and selling 11.21% decrease, at $134.19 a share. On Wednesday, Nvidia mentioned it might lose as much as $400 million in quarterly gross sales after the brand new licensing necessities have been impose, as reported by The Wall Avenue Journal.

Shares of Superior Micro Gadgets Inc. have been buying and selling 6.83% decrease at 11:39 a.m. ET, all the way down to $79.07 a share. Utilized Supplies Inc. shares had fallen 4.26% at 11:40 a.m. ET, to commerce at $90.05 every. At 11:41 a.m. ET, Qualcomm Inc. shares have been down 3.74%, at $127.32 a share. Shares of Broadcom Inc. have been buying and selling 3.27% decrease at 11:43 a.m. ET, at $482.89 a share.

The tech heavy Nasdaq was down 2.03% simply earlier than noon Thursday.


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

September 01, 2022 12:04 ET (16:04 GMT)

Copyright (c) 2022 Dow Jones & Firm, Inc.

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