Intel’s brutal Friday drop and Nvidia’s China trip: what to watch in semiconductor stocks next week
Intel shares plunged 17% to $45.07 Friday after a weak outlook, erasing over $35 billion in value and dragging chip stocks lower. Nvidia CEO Jensen Huang was in China as authorities weigh approval of its H200 AI chip. The iShares Semiconductor ETF fell 1.1%. Traders watch for further selling and await big tech earnings next week.