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Closing Bell

Closing Bell: Chip Stocks Sputter 3/26/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 26 March 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

What could potential restrictions around exports to China mean for Nvidia and other chip stocks? We discuss with our Kristina Partsinevelos and Trivariate’s Adam Parker. Plus, Morgan Stanley’s Sherry Paul breaks down her high net worth playbook for Q2. And, we tell you what’s behind some big drops in the vaccine makers.

Transcript

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0:00.0

All right, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:06.0

This is make a break. Garrow begins with Invidia's new China worries. That stock sinking today and dragging tech down with it.

0:12.0

More on that just a bit. First, take a look at the markets here with 60 to go in regulation.

0:16.0

We're obviously read across the board almost everywhere, NASDAQ is leading the selling.

0:21.2

We are at the lows of the day for the NAS.

0:23.9

And besides, Nvidia's weakness, other semiconductor names are ugly today, too.

0:27.9

Tesla is giving back some of its recent bounce and some of the momentum names also selling off

0:34.1

part today.

0:34.9

Stocks like Vista Inverter, Constellation Energy, Robin Hood,

0:37.6

Pallinger, among them. Ford and General Motors also lower on those tariff headlines from

0:42.1

the White House. We do have more on that coming up as well today. And worth checking yields,

0:46.7

they're moving higher again, at least somewhat. And that perhaps is adding to some of that growth

0:52.6

stock weakness today. You can see green across the board for the yield complex.

0:56.2

It does take us to our talk of the tape.

0:57.9

What potential restrictions around exports to China might mean for Nvidia and other chip stocks,

1:02.7

which are, as we said, sharply lower today.

1:05.4

We begin with that story and Christina Parts of Nevelos.

1:08.2

What's happening here?

1:08.8

Yeah, well, it's not just about tariffs on Chinese chips. You've got imports from Canada, Mexico, but also whispers of potential tariffs on

1:14.3

Taiwanese chips, along with further tightening on chip exports, which we should hear about in

1:18.9

mid-May. So no wonder the chip hardware market, like you mentioned, is selling off. Invidio taking

1:23.1

a big hit right now, down about 6% after reports surface that Chinese officials might block

...

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