US trade restrictions on China could significantly impact the semiconductor industry, causing a selloff of chip stocks, including Nvidia and ASML.
ASML's Q2 earnings exceeded expectations despite a decline in net income, but concerns remain about potential revenue loss if restrictions tighten.
Geopolitical tensions between the US and China are expected to intensify, with implications for various sectors, including technology.
17-07-2024 09:31 GMT
by Zain Vawda