Post

🇺🇸JUST IN: US chip stocks BLEED as China reportedly begins mass-producing homegrown DUV lithography machines. Nvidia fell over -5%, ASML and MU dropped -7%, while Sandisk plunged -12% after reports that a state-backed Chinese company has started mass-producing domestically developed DUV chipmaking equipment, raising fresh concerns over China's push for semiconductor self-sufficiency. The S&P 500 has now turned negative, erasing its morning gains as the semiconductor selloff dragged the broader market lower.#CXMTMemoryIPO #FOMCRateWatch #AIEarningsWatch