US chip stocks fall after China imposes counter tariffs

Shares of U.S. chip stocks fall after China imposes additional tariffs of 34% on all U.S. goods from April 10

The duties could lead to higher costs for semiconductor companies, hit margins and upend complex chip supply chains

Shares of Nvidia NVDA.O fall 4%, Advanced Micro Devices AMD.O down 5%, Broadcom AVGO.O drop 5%

Intel INTC.O slumps ~6%, Qualcomm QCOM.O loses 4%, Micron Technology MU.O falls 7%

U.S.-listed shares of Arm Holdings ARM.O fall 7%, Marvell Technology MRVL.O tumble 9%

Major U.S. stock indexes plummeted on Thursday after President Donald Trump imposed sweeping tariffs on major trading partners