Why Intel, GlobalFoundries Are Gaining as Nvidia and Other Chip Stocks Drop

Key TakeawaysIntel and GlobalFoundries shares gained Wednesday while Nvidia, ASML, and other chip stocks fell amid concerns about tightening trade restrictions and geopolitical tensions affecting the chip industry.The Biden administration is reportedly considering strengthening restrictions on chip exports to China, which could hit sales for many chip-related companies like ASML.Former President Donald Trump said Taiwan, where chips for many of the biggest tech giants in the U.S. are manufactured, should pa ...