#chipmakers

#chipmakers

Tech stocks could remain under pressure after they led Wall Street lower on Tuesday, with the Nasdaq dropping 1.4% and the S&P 500 slipping 0.6%. Losses were widespread among chipmakers, where Nvidia slid 3.5%, AMD fell more than 5%, and Broadcom lost more than 3%. Palantir was the weakest S&P 500 performer, plunging 9%. The selloff reflected investor caution ahead of the Federal Reserve's annual Jackson Hole symposium, where Chair Jerome Powell is due to speak on Friday.

Trump's semiconductor tariff strategy will include a potential 100 percent tariff on imported chips, with exemptions for companies committed to US manufacturing.