Chip stocks were mixed on Wednesday as President Donald Trump's 'Liberation Day' tariffs dawn today.

AI chipmakers Nvidia (NVDA) dipped about 1%, Advanced Micro Devices (AMD) and Marvell Technology (MRVL) were largely flat but in the red. Broadcom (AVGO) and Qualcomm (QCOM) were barely in the green territory. 

Wall Street's major averages were also muted on Wednesday as investors braced for upcoming tariffs. Reportedly, Trump has settled on a plan for what's expected to be a broad round of tariffs, but won't reveal the plan until the announcement takes place at the White House's Rose Garden. One plan discussed would put a 20% global tariff on almost every import.

Shares of Lattice Semiconductor (LSCC) fell nearly -1%, while Micron (MU), Texas Instruments (TXN) and Intel (INTC) were in the red, but barely. GlobalFoundries (GFS) rose about +1%, Analog Devices (ADI) and Taiwan Semiconductor Manufacturing (TSM) are seeing minor gains.

Meanwhile, chip equipment makers: Lam Research (LRCX), Applied Materials (AMAT), ASML (ASML), and KLA (KLAC) were all in the green on Wednesday.

Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.