U.S.Stocks Open lower Amid Chip sector Woes
On Wednesday, April 16, U.S. stocks opened lower,with global chip makers leading the decline. Despite some positive news, the market sentiment remained cautious. Chip stocks like Nvidia, AMD, and Micron Technology saw initial losses. However, they recovered slightly as china hinted at willingness to negotiate with the U.S. over trade tensions.
Key chip companies, including Nvidia, AMD, and Micron Technology, faced early losses. these firms were hit by the U.S.-China trade tensions. Nvidia’s stock dipped 6% due to a $5.5 billion quarterly charge warning.
