Nvidia, TSMC, chip stocks fall after Trump announces sweeping reciprocal tariffs

News Snapshot:

Nvidia (NVDA), TSMC (TSM), and other chip stocks fell Wednesday in after-hours trading following President Trump’s announcement of sweeping reciprocal tariffs affecting the semiconductor supply chain. Nvidia stock dropped around 4%, while rival Advanced Micro Devices (AMD) dropped 3.8%. Broadcom (AVGO) fell 5% and Micron (MU), which supplies memory chips for Nvidia’s GPUs — graphics processing units — dipped over 3%. TSMC, the Taiwanese contract chip manufacturer that makes the world’s most advanced semiconductors for Nvidia and Apple (AAPL), sank more than 4%. NasdaqGS - Delayed Quote • USD (NVDA) View Quote Details 110.42 - +(0.25%) At close: 4:00:01 PM...