Nvidia Chip Curb Slide; ASML Follows Nvidia Down; United Airlines Hopeful Outlook
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Show Notes
On this episode of Stock Movers:
- Nvidia (NVDA) shares are lower this morning, leading a slide in global chip stocks, due to new US government restrictions on Nvidia chip exports to China. The restrictions on Nvidia's H20 chip are seen as a permanent policy driven by concerns over China's rise in the electronics sector and are expected to have a significant negative impact on the semiconductor supply chain.
- ASML Holding NV (ASML) shares are down not just due to Nvidia chip restrictions, but on comments regarding outlook from leadership due to tariffs and a disappointing report on orders.
- United Airlines (UAL) shares are higher after the carrier said it expects resilient earnings in the second quarter. It says its 2025 outlook remains achievable.
- The Metals Company (TMC) is looking to continue the streak of gains for rare metals miners as the government plans to allow stockpiling of critical minerals.
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