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Chinese IPO Rattles Chip Stocks
The Wall Street Journal19d agoneutral
Chinese IPO Rattles Chip Stocks

The company topped Industrial and Commercial Bank of China to become the most valuable company listed in a mainland Chinese market. ASML and Advanced Micro Devices fell 5.8% and 5.2%, respectively. The Nasdaq Composite ended the day down 0.2%.

Chip Stocks Sink on China Competition Concerns, Erasing Early Gains
Barrons.com20d agoneutral
Chip Stocks Sink on China Competition Concerns, Erasing Early Gains

The S&P 500 and the Nasdaq Composite reversed gains, wavering near the flatline after opening higher. The PHLX Semiconductor Index was down 4.3% after opening higher. Nvidia, AMD, Micron, and ASML are some of the chip maker stocks dragging the semi index and the broader market lower, thanks to the group's heavy impact on the major indexes.