The U.S. Commerce Department this week has expanded its restrictions on chip exports to China. Unsurprisingly, many large-cap semiconductor stocks fell yesterday, considering their high revenue exposure to the world’s second-largest economy.
While Nvidia (NVDA) is getting outsized attention on this news – which is justified, given its trillion-dollar market cap and status as the bellwether of artificial intelligence (AI) chip demand – there are other chip stocks investors should also look to avoid if you expect the ongoing tensions between the world’s two largest economies to result in deeper and broader export curbs going forward.
