The Semiconductor selection includes companies and ETFs in the Philadelphia Semiconductor Index (SOX Index) which is a key indicator for measuring global trends and performance in the semiconductor industry. Changes in the stocks that make up the SOX index reflect the overall trends and opportunities of the semiconductor industry. The SOX index is also used for research and investment in semiconductor ETFs. Refer to the Philadelphia Semiconductor Index (SOX index) for more details.
Trump plans to abolish Biden's AI ban, but still has some tough measures in place!
The Trump administration plans to eliminate the complex AI Chip export control system established during the Biden era, aiming to create a more simplified export policy, with new regulations set to be released, potentially easing restrictions in Southeast Asia and the Middle East markets.
Trump wants to amend AI Chip export controls? The U.S. Department of Commerce: Simplifying the 'Biden rules' is beneficial for innovation!
① A spokesperson for the USA Department of Commerce stated that President Trump plans to lift the restrictions on the export of advanced AI Chips instituted during the Biden administration, claiming that Biden's rules are overly complex and will hinder innovation in the USA; ② In January of this year, Biden released the "AI Diffusion Export Control Framework," establishing a "three-tier licensing system" for AI Chips, which limits the amount of advanced AI Chips accessible to various countries and regions.
U.S. stocks closed with all three major Indexes rising collectively, boosted by Bullish news for AI Chips, NVIDIA rising over 3%; Disney surged nearly 11% after earnings, and AppLovin soared over 13% in after-hours trading.
NVIDIA closed up over 3%; Apple fell more than 1%; after the Earnings Reports, Disney rose nearly 11%, and AppLovin increased over 10% in after-hours trading. The guidance from Arm was disappointing, leading to a drop of over 10% in after-hours trading. The China Concept Index closed down over 2%. Trump plans to revoke Biden's new restrictions on AI Chips, which boosted chip stocks; the USD accelerated its rebound, nearing 100, and the decline in Gold expanded.
U.S. stocks closed with the three major Indexes fluctuating higher, with Google plummeting more than 7%. The Bullish support from the AI Chip helped NVIDIA.
① Apple is promoting a shift to AI search for Safari, causing Google's stock price to fall over 7%; ② Disney's stock price skyrocketed nearly 11%, with the company's second fiscal quarter profits exceeding expectations; ③ NVIDIA rose over 3%, with reports that the USA is considering lifting AI Chip export restrictions.
Here's How Much You Would Have Made Owning Advanced Micro Devices Stock In The Last 20 Years
Shares of Chip Stocks Are Trading Higher Following a Report Indicating President Trump Will Rescind Global Chip Curbs.