COMPUTEX Taipei, or Taipei International Information Technology Show, is a computer expo held annually in Taipei, Taiwan. Since the early 2000s, it is one of the largest computer and technology trade shows in the world. -Wikipedia...
… A closer reading of the notice shows that the Biden administration will actually exclude GPUs and motherboards from the tariffs for another year, until May 31, 2025.
Nvidia managed to silence the doubters, rising 16.4% to close at an all time high, beating earnings and revenue estimates and posting strong guidance for this quarter. AMD gained 10.69%, closing within a few dollars of its all time high, and SMCI closed up 32.87%.
ASML is the only company that produces equipment needed to make the most sophisticated semiconductors, and demand for its products is a bellwether for the industry’s health.