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0 0.000291800408520514 0.000291800408520514 -0.00291800408520576 -0.000583600817041235 -0.00160490224686314 -0.00510650714911013 -0.00145900204260298
Stock impact report

US stock futures drop, Nvidia tumbles on new curbs on chip exports to China [Yahoo! Finance Canada]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Nvidia said it faces $5.5 billion in charges after the curbs on exports to China, a key market for one of its most popular chips. Shares of the heavyweight stock slumped 5.2% in premarket trading, while AMD shares lost 5.9%. Other chip stocks too lost ground, with Micron Technology down 3.5% and Broadcom falling 3.1%. Futures for Wall Street's main indexes fell across the board, with those tracking the tech-heavy Nasdaq 100 leading the declines. The new export controls are the newest attempt from the U.S. to keep advanced semiconductors from being sold to China, and the latest escalation of trade tensions between the world's two largest economies. Nvidia's warning highlighted the impact of the escalations on businesses, and re-fueled worries that the constant shifts in U.S. trade policy would hit consumption and economic growth. Those worries have led to sharp volatility in financial markets, with all three major Wall Street indexes losing ground so far this year. The CBO Show less Read more
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