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Chip stocks like Nvidia and TSMC have faced significant declines as they enter technical corrections. TSMC's financials were impacted by weakening demand and a slow tech recovery. Nvidia saw a sharp drop, erasing billions in market cap, amid concerns over chip market outlook.
$SMCI -22% the H&S reversal playing out https://t.co/Pq8nRlP2HR
SMCI to announce its Q3 FY 24 results on Tuesday, 30th April 2024. $SMCI: -23% today. https://t.co/PuESUZOKyk
BREAKING: The Magnificent 7 stocks have erased $400 BILLION of market cap today alone. Nvidia, $NVDA, accounts for HALF of today's losses with a $200 billion downswing in market cap. The S&P 500 is just 4% away from entering correction territory. What's happening with big… https://t.co/lvfFRTb5ze