US chip stocks fall on Middle East conflict escalation

Tower Semiconductor

09/10/2023 11:09

** Shares of U.S. chip stocks down premarket as military
conflict in Middle East flares up
    ** Intel  INTC.O , Nvidia  NVDA.O , Qualcomm  QCOM.O  and
Advanced Micro Devices  AMD.O  down between 0.8% and 2.3% 
    ** U.S.-listed shares of Israeli chipmaker Tower
Semiconductor  TSEM.O  down 4.9% at $23.3
    ** Nvidia said it canceled an AI summit scheduled for Tel
Aviv next week where its CEO Jensen Huang was due to speak
    ** Up to last close, INTC up ~37%, NVDA up 213%, QCOM up ~1%
and AMD up 65% YTD

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))