TSMC Falls, Z AI Drops, Hon Hai Slips
Show notes
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Asian Nvidia supplier shares slide after the Wall Street Journal reported that the US chipmaker’s board is preparing to oust Chief Executive Officer Jensen Huang following multiple extramarital affairs. Among Taiwan’s Nvidia suppliers, TSMC closes 2.3% lower.
- Chinese AI stocks drop on concerns that hyperscalers’ access to advanced chips might be affected as the US steps up scrutiny over semiconductor exports amid the uncertainties surrounding Nvidia. Z.AI falls as much 4.9%.
- Nvidia partner Hon Hai posted a quarterly profit that beat analysts’ estimates, driven by the AI boom and strong consumer demand for the $2,000 iPhone Duo. Shares fell as much as 1.2%
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