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Fortune
Fortune
David Meyer

Trump, Biden, and AI send chip shares on a wild ride

Donald Trump and Joe Biden, pictured at their June debate. (Credit: Andrew Harnik—Getty Images)

Semiconductor shares have spent the last couple days on quite a rollercoaster ride.

Yesterday was all doom and gloom. With Donald Trump having already shaken the sector by warning he wouldn't defend Taiwan against China during a second presidency unless Taiwan paid for its “insurance,” incumbent President Joe Biden's administration caused a mini-meltdown by reportedly considering major new export controls.

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