Chip stocks sink amid fears of tariffs, economic growth woes

Flag of USA on a processor, CPU Central processing Unit or GPU microchip on a motherboard. US firms have become the latest collateral damage in US-China tech war. US blocks sales of AI chips to China.

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Chip stocks fell on Monday amid fears of a potential downturn in the U.S. economy in light of recent tariff decisions, even as the Trump administration looked to deflect these concerns.

Shares of AI chipmakers, Nvidia (NVDA) fell about

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