The American shares fell short today Wednesday (16.4.2025) to Wall Streetas Nvidia’s share has reported losses and the concerns of US Federal Bank (Fed) President Jerome Powell about the financial impact of the duties have caused investors alarm.
Specifically, the Dow Jones Industrial Index on Wall Street lost nearly 700 points or 1.73%, closing at 39,669.39 points. The S&P 500 fell 2.24% and closed at 5,275.70 points, leading to a fall from the IT industry. The technological Nasdaq fell 3.07% to close at 16,307.16 points, supporting 6.9% of Nvidia’s share, which affected other technological giants and the chip industry.
Nvidia’s shares sank by 6.9% after the chip giant said it would record a quarterly $ 5.5 billion charge related to the export of H20 graphics plants to China and other states. The company said in a deposition that the US government required a license to send a US chip to China.
Other chip manufacturers followed Nvidia lower, with Vaneck Semiconductor ETF (SMH) with a fall of more than 4%. AMD slipped more than 7%, while Micron Technology slipped more than 2%. The broader drop in the chips was added by the ASML disappointment, whose shares listed in the US fell 7%.