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🇺🇸JUST IN: US chip stocks BLEED as China reportedly begins mass-producing homegrown DUV lithography machines.
Nvidia fell over -5%, ASML and MU dropped -7%, while Sandisk plunged -12% after reports that a state-backed Chinese company has started mass-producing domestically developed DUV chipmaking equipment, raising fresh concerns over China's push for semiconductor self-sufficiency.
The S&P 500 has now turned negative, erasing its morning gains as the semiconductor selloff dragged the broader market lower.#CXMTMemoryIPO #FOMCRateWatch #AIEarningsWatch
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