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Trade tensions between the world’s two largest economies are having a major impact on companies tied to global supply chains. Nvidia, the chip giant, said sales to China will cost the company $5.5 billion a quarter due to the government’s restrictions on AI chip exports.
Meanwhile, ASML, the world’s largest supplier of computer chipmaking equipment, also said the tariffs have made its outlook for both 2025 and 2026 uncertain. Industry officials told lawmakers last week that other U.S. chip equipment makers could be hit by about $1 billion a year due to the tariffs.
On top of that, airlines say they are bracing for an uncertain summer travel season and the Fed chairman warns that economic activity is slowing, while tariffs could also push inflation further away from the Fed's target.
Even the more optimistic companies have tempered their optimism. United Airlines maintained its 2025 earnings outlook, but unexpectedly offered two scenarios for this year, saying the macro environment was “unable to predict this year with any degree of confidence.”
Although the Trump administration has said that many countries are lining up to strike deals with the United States, analysts say the process remains slow and uncertain. That uncertainty, business leaders say, has led them to delay spending plans.
More worryingly, the constant changes in US tariff policy make things even more uncertain. “What was true yesterday is no longer true today, and I don’t know what will happen tomorrow,” said Jean-Christophe Babin, CEO of Bulgari, the jewelry arm of luxury giant LVMH, referring to US tariff policy.
All of that has left investors losing confidence, leading to a fresh sell-off in US stock markets on Wednesday.
Leading the charge were tech stocks as the Nasdaq Composite fell 3.07%, led by a 6.9% drop in Nvidia. The index ended the day down about 19% from its high, sliding closer to bear market territory.
The Dow Jones Industrial Average also lost 699.57 points, or 1.73%, to close at 39,669.39; the S&P 500 fell 2.24%, to 5,275.70.Source: https://thoibaonganhang.vn/co-phieu-cong-nghe-my-bi-ban-thao-thi-truong-chim-trong-sac-do-162909.html
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