Stocks in the semiconductor industry cannot seem to catch a break from President Donald Trump’s tariff escalations, especially against China. In one of its latest moves, the Trump administration has now imposed restrictions on sales of certain artificial intelligence (AI) chips to China.
The fallout has been immediate, with shares of prominent semiconductor companies like Nvidia (NVDA), Advanced Micro Devices (AMD), and Micron (MU) declining considerably over the past week. Overall, the…