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Nvidia, AMD lead chip stocks lower on fears about the escalating trade war with China

“Each company logs substantial annual revenue from China connected to its chip manufacturing business” writes unknown author for cnbc.com. Semiconductors may be the sector most affected by rising trade tensions between the U.S. and China.A Goldman Sachs list of the top 20 companies with the highest revenue exposure to China is dominated by technology chip suppliers that send products to manufacturers in China.Semiconductor stocks headed lower Wednesday after the White House released a new list of tariffs on $200 billion of Chinese goods on Tuesday evening, as President Donald Trump continued to broaden the trade war with Beijing.
 
Source: cnbc.com



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