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Why is Nasdaq down? Tech stocks plummet amid fear of US crackdown on chipmakers
Discover the reasons behind why the Nasdaq is down and what is driving fears for the future of tech stocks.
The sell-off was triggered by a Bloomberg report suggesting Joe Biden administration is considering implementing sweeping regulations to further limit sales of critical chipmaking equipment to China. Washington has made significant efforts to stop or at least limit China’s access to advanced processors used for AI and high-performance computing (HPC) applications for over a year. A seasoned technology writer and content strategist, he has contributed to many UK regional and national publications including The Scotsman, inews.co.uk, nationalworld.com, Edinburgh Evening News, The Daily Record and more.
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