Why AI-Focused Semiconductor Leaders Taiwan Semiconductor Manufacturing, Broadcom, and Marvell Technology Plunged Today

Shares of most artificial intelligence (AI)-related semiconductor stocks, including Taiwan Semiconductor Manufacturing (NYSE: TSM), Broadcom (NASDAQ: AVGO), and Marvell Technology (NASDAQ: MRVL), were falling hard on Wednesday, down 4.5%, 4.3%, and 6.6%, respectively, as of 12:49 p.m. ET.Most AI-related hardware stocks, including Nvidia, were down sharply on three bits of news. One, the U.S. added about 50 Chinese companies and 80 total companies to the export "entity list," which could restrict semiconductor sales globally.Second, analysts at TD Cowen released a note today saying that Microsoft had canceled some data center projects totaling about 2 gigawatts (GW), which is a significant amount.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool