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Former President Trump crashes Nasdaq 100 - President Biden looks to restrict China
Many semiconductor stocks, including Nvidia and Taiwan Semiconductor, are down significantly in pre-market trading due to geopolitical concerns and comments from former President Trump.
The Biden Administration is considering a ban on U.S. companies exporting critical chipmaking equipment to China. Also, former President Trump stated that Taiwan should pay the U.S. for protection, causing the markets to question where the U.S. would defend Taiwan in the event of a China invasion.
Reports like these could present buying opportunities, but we need to observe trading over the next few days to ensure we don’t break down technically.
If you want to learn more about the stock market, SUBSCRIBE to the Trade For Yourself Podcast!
#stocks #stockmarket #nvidia #tsm #trump #biden #investing #trading #tradeforyourself
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By Davon ElderMany semiconductor stocks, including Nvidia and Taiwan Semiconductor, are down significantly in pre-market trading due to geopolitical concerns and comments from former President Trump.
The Biden Administration is considering a ban on U.S. companies exporting critical chipmaking equipment to China. Also, former President Trump stated that Taiwan should pay the U.S. for protection, causing the markets to question where the U.S. would defend Taiwan in the event of a China invasion.
Reports like these could present buying opportunities, but we need to observe trading over the next few days to ensure we don’t break down technically.
If you want to learn more about the stock market, SUBSCRIBE to the Trade For Yourself Podcast!
#stocks #stockmarket #nvidia #tsm #trump #biden #investing #trading #tradeforyourself