Business · Markets · 3 hrs ago

US stocks mixed as chip shares fall on funding and competition worries

US stocks mixed as chip shares fall on funding and competition worries

US stocks had a mixed session as investors shifted money toward sectors outside technology.

Semiconductor shares fell amid concerns about funding and competition from China.

Hock Tan said the memory shortage could ease within a year, but he described access to funding as the biggest problem.

The market’s concerns also included rising oil prices linked to uncertainty over a Russia-Ukraine ceasefire.

The movement in chip shares came as other sectors attracted investment.

The sources do not say what will happen next.

What people are saying

Memory shortages will ease within a year… funding is the biggest problem
Hock TanNot statedvia Hankyung

Sources

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