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Chip stocks like Nvidia, Broadcom and Taiwan are half up after Trump’s election victory – What’s going on? – NVIDIA (NASDAQ:NVDA), Taiwan Semiconductor (NYSE:TSM)
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Chip stocks like Nvidia, Broadcom and Taiwan are half up after Trump’s election victory – What’s going on? – NVIDIA (NASDAQ:NVDA), Taiwan Semiconductor (NYSE:TSM)

Nvidia Corp NVDA, Broadcom Inc AVGO, Intel Corp INTC, Micron Technology, Inc MU, Arm Holdings plc ARM, ON Semiconductor Corp TO, Qualcomm Inc QCOM, Analog Devices, Inc FDI, Texas Instruments Inc TXN, Marvell Technology, Inc MRVL Stocks are trading higher on Wednesday after Donald Trump won election as the 47th president.

The Biden administration had imposed an artificial intelligence embargo on China and restricted the country’s access to advanced AI chips from Nvidia, citing national security threats.

Nvidia remained convinced that the embargo had little impact as US big techs pushed their AI ambitions.

Also read: Taiwan Semiconductor faces rising energy costs, with potential outages threatening production

Nvidia recently surpassed Apple in market value as the chip designer’s rapid growth, fueled by AI-focused GPUs, has drawn significant technology investments Microsoft Corp MSFT, Meta Platforms Inc META, Alphabet Inc GOOG GOOGL GoogleAnd Amazon.Com Inc AMZN.

Taiwan Semiconductor Manufacturing Co TSM The stock is trading lower on Wednesday in anticipation of higher tariffs.

Trump attacked Taiwan twice, claiming the country was undermining the US chip industry.

He also criticized the CHIPS law and promised tariffs on Taiwanese chips if elected.

Analysts warned that tariffs could disrupt the global chip supply chain. Given the lack of a formal treaty, Trump questioned the U.S. defense posture toward Taiwan and criticized the federal CHIPS law’s funding of foreign companies like Taiwan Semiconductor.

Wedbush Securities Analyst Dan Ives predicted that the upcoming $1 trillion in AI investments will add value to Nvidia.

Beth Kindig from I/O Funds predicts that Nvidia’s Blackwell chips could increase its value to $10 trillion next year.

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