Key Points To Watch Out For:
- Nvidia shares fell 5% after warning about tariff impact.
- AMD, Broadcom and Micron fell more than 3% due to contagion effect.
- MP Materials and USA Rare Earth rose after new mining research.
Nvidia (NVDA): License Warning Drags Down the Sector
Nvidia fell 5% in premarket trading following a notice that it will face a $5.5 billion charge due to the U.S. decision to require licenses for the sale of its H20 chips to China and other countries. The news triggered a wave of selling across the technology sector.
ASML (ASML): Weak Orders and Tariffs Affect Its Guidance
ASML also declined 5% in Amsterdam after reporting significantly lower-than-expected orders and issuing a warning about ongoing trade disputes and tariffs. As a key supplier of chip equipment, the drop in ASML’s stock added pressure to the semiconductor sector.
AMD (AMD), Broadcom (AVGO), Micron (MU): Dragged Down by Nvidia and ASML Correction
Shares in AMD, Broadcom, and Micron Technology fell more than 3% in premarket trading, reflecting investor fears of a global slowdown in the semiconductor industry, especially in the wake of new U.S. trade restrictions.
MP Materials (MP) and USA Rare Earth (USAR): Gain on Strategic Minerals Policy
Shares in MP Materials and USA Rare Earth rose after the Trump administration announced an investigation that could lead to new tariffs on critical imported minerals, providing a boost to U.S. rare earth producers.
United Airlines (UAL): Positive Results, but Cautious About the Future
United Airlines rose more than 6% in premarket trading after reporting quarterly profit and revenue growth. However, the airline announced plans to cut flights and shrink its fleet in anticipation of weaker demand and broader U.S. economic weakness.
Heineken (HEIA): Good Performance Despite Uncertain Environment
Heineken gained more than 3% in Amsterdam after reporting higher-than-expected revenue growth and reaffirming its annual guidance. The company acknowledged, however, that future uncertainties remain due to ongoing tariff policies.
EQT (SE:EQT): Liquidity Concerns Hit Share Price
EQT fell more than 5% in Stockholm after warning that, although its portfolio has limited direct exposure to tariffs, current market weakness is hindering the sale or IPO of several of its investments this year.
