{"id":645091,"date":"2026-05-15T17:26:14","date_gmt":"2026-05-15T17:26:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/645091\/"},"modified":"2026-05-15T17:26:14","modified_gmt":"2026-05-15T17:26:14","slug":"chip-stocks-slide-after-u-s-china-summit-ends-without-major-tech-deals","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/645091\/","title":{"rendered":"Chip Stocks Slide After U.S.-China Summit Ends Without Major Tech Deals"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/05\/9199ebff795c1e9450af563c43a23b1e.jpeg\" alt=\"US President Donald Trump boarding Air Force One before his departure from Beijing on May 15, 2026.\" loading=\"eager\" height=\"640\" width=\"960\" class=\"yf-lglytj  loaded\"\/> US President Donald Trump boarding Air Force One before his departure from Beijing on May 15, 2026. &#8211; Brendan Smialowski\/Agence France-Presse\/Getty Images      <\/p>\n<p class=\"yf-1fy9kyt\">Global semiconductor stocks skidded after a summit between President Trump and Chinese leader Xi Jinping concluded without major chip deals or a breakthrough on Nvidia\u2019s sales to the country.<\/p>\n<p class=\"yf-1fy9kyt\">Washington authorized Nvidia to export its H200 chips to China, though Beijing hasn\u2019t formally approved shipments. Expectations of a breakthrough had been building after Nvidia Chief Executive Jensen Huang joined a delegation of high-profile CEOs, including Apple\u2019s\u00a0Tim Cook and Tesla\u2019s\u00a0Elon Musk, who traveled to China with Trump.<\/p>\n<p>         Most Read from The Wall Street Journal       <\/p>\n<p class=\"yf-1fy9kyt\">Danni Hewson, head of financial analysis at AJ Bell, wrote in market comments that investors were betting on the trip for tangible news that could lift Nvidia\u2019s sales even further. However, U.S. Trade Representative Jamieson Greer said in an interview with Bloomberg that Nvidia and semiconductors weren\u2019t front and center during the summit.<\/p>\n<p class=\"yf-1fy9kyt\">Nvidia shares fell more than 4% Friday, with other semiconductor stocks like Intel and Advanced Micro Devices down 6% and 4%, respectively. In Asia, shares of South Korean memory-chip maker SK Hynix\u2014which supplies Nvidia\u2014closed 7.7% lower. In Europe, STMicroelectronics\u2014which supplies Apple, Tesla and SpaceX\u2014shed 5.4%, while German chip maker Infineon Technologies fell 5.5%. Shares of Dutch semiconductor-equipment maker ASML Holding declined 5%.<\/p>\n<p class=\"yf-1fy9kyt\">The selloff marks a rare dent in the gloss that has permeated chip stocks in recent weeks as investors continued to pour money into companies that provide semiconductors and equipment for the data centers behind the artificial-intelligence boom. Shares of chip company Cerebras Systems soared in their stock-market debut on Thursday, underscoring investor fervor over AI.<\/p>\n<p class=\"yf-1fy9kyt\">Washington has resorted to export controls to curb China\u2019s access to advanced semiconductors that could be used for military applications or make significant leaps in AI, prompting Beijing to look inward and encourage domestic firms to switch to homegrown hardware.<\/p>\n<p class=\"yf-1fy9kyt\">While the U.S. now allows Nvidia to export its H200 chips, President Trump told reporters on Air Force One that China hadn\u2019t bought any \u201cbecause they chose not to. They want to try and develop their own.\u201d Greer said in the interview with Bloomberg that it was a \u201csovereign decision for China\u201d whether or not to buy from Nvidia.<\/p>\n","protected":false},"excerpt":{"rendered":"US President Donald Trump boarding Air Force One before his departure from Beijing on May 15, 2026. &#8211;&hellip;\n","protected":false},"author":2,"featured_media":645092,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[723,33861,28,144,12,11379,4321,9563],"class_list":["post-645091","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-advanced-micro-devices","tag-air-force-one","tag-business","tag-china","tag-donald-trump","tag-jensen-huang","tag-nvidia","tag-semiconductor"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/645091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=645091"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/645091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/645092"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=645091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=645091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=645091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}