Artificial Intelligence (AI) Stocks Today: Why Nvidia, Micron, and TSMC Are Sinking

Several artificial intelligence (AI) chip stocks are seeing broad sell-offs in Monday's trading. Nvidia (NASDAQ: NVDA), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Micron (NASDAQ: MU) are among the big names participating in the pullback and were down 2.4%, 3.4%, and 4.8%, respectively, as of 12:45 p.m. ET.Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to limit the export of advanced chips used for AI. Nvidia, Micron, and TSMC occupy important positions in the AI chip space, and each company is seeing a significant valuation pullback today.Before the market opened this morning, U.S. officials announced they would be implementing new regulations that will put additional restrictions on the export of AI chips and semiconductor manufacturing equipment. The move is aimed at maintaining technological advantages for the U.S. and its allies and limiting AI progress for China and other adversarial countries.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool