Global semiconductor markets were volatile on Tuesday, following a drop in Nvidia shares the previous day.
Chip stocks in Europe and Asia tumbled in early trade as investors responded to Nvidia’s loss of more than $500 billion in market capitalization over three trading days.
However, some stocks recovered losses, with shares in the US chipmaker rising roughly 5.5% as of Tuesday 11:40 a.m. ET.
STMicroelectronics, a semiconductor company based in Switzerland, saw its shares close down about 1.44%.
In Europe, ASML, the Dutch chip equipment behemoth, recovered earlier losses to close up 0.18% as Nvidia shares rallied.
ASML is a major player in the global semiconductor industry.
The company manufactures and distributes extreme ultraviolet lithography (EUV) machines, which are used by chipmakers to produce integrated circuits.
Source (CNBC)
