Chip News is Good News
Team Veye | 09-May-2025
Just when the semiconductor sector was rejoicing over President Trump signalling easing of curbs on chip exports, came the news of the signing of the first trade deal with the United Kingdom.
Overcoming the fears, that the Biden government had while imposing strict controls on exports of American AI chips to the Middle East, to prevent the diversion to China and bolster Beijing’s military capabilities, the move could have sweeping influence on the AI industry. U.S. maintains its leadership in AI while expanding its reach globally.
The new trade deal framework with the UK, enthused investors who look ahead for similar further agreements, particularly China. Just after the deal, Trump had reportedly prompted the listeners to buy stocks now.
And heeding the advice, Wall Street rallied with the indexes making further gains, although some part had already come, in anticipation, before the deal.
The Dow Jones Industrial Average went 0.62% higher with S&P 500 index climbing 0,58% and Nasdaq Composite too surged 1.07%.
(Source: Reuters, Economic Times)
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