Semiconductor Chip Stocks Slump As Middle East War Hits Day 28: Trump Sets New Deadline

Semiconductor stocks have declined due to ongoing geopolitical tensions in the Middle East, with the PHLX Semiconductor Index down 0.30%. Major companies like NVIDIA, AMD, and Broadcom experienced stock price drops, with NVIDIA shares down 1.50% to $168.67. The conflict has also tightened global helium supply, crucial for chip production, leading to potential production cuts across various industries. The Nasdaq Composite fell nearly 1%, reflecting broader market impacts.