Why Are Semiconductor Stocks Trading Higher On Monday?
Benzinga (Mon, 14-Apr 8:12 AM)
On Sunday, U.S. President Donald Trump shared plans to impose tariffs on imported semiconductors over the coming weeks. However, he promised flexibility with some companies in the sector.
Trump stressed the country’s focus on domestic production of chips and semiconductors, Reuters reports.
Also Read: Dell Cuts Discounts As Tariffs Hit, Passes Rising Cost To US Shoppers: Bloomberg
Semiconductor stocks, including Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), Arm Holdings (NASDAQ:ARM), Micron Technology, Inc (NASDAQ:MU), Marvell Technology, Inc (NASDAQ:MRVL), and Intel Corp (NASDAQ:INTC), are trading higher ...
