Sector Update: Tech

MT Newswires Live01-20 21:59

Technology stocks were falling premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) declining by 3.6%.

Nvidia (NVDA) suppliers have halted the production of H200 chip parts after regional customs authorities in China blocked deliveries of the processors, The Financial Times reported Friday, citing two people familiar with the matter. Shares of Nvidia were down more than 2% pre-bell.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment