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WSJ Tech News Briefing

TNB Tech Minute: Nvidia, AMD Drive Nasdaq Lower

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 16 April 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Chipmakers’ shares tumble after the Trump administration confirms export controls on semiconductors designed for the Chinese market. Plus, Dutch chip-equipment maker ASML feels the pressure of tariffs. And Google faces a potential $6.6 billion antitrust lawsuit in the UK. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your T&B Tech Minute for Wednesday, April 16th. I'm Victoria

0:35.5

Craig for the Wall Street Journal. Tech stocks led a sell off on on Wall Street today. The NASDAQ-closed down more than 3%.

0:41.8

Chip-making heavyweights, Nvidia, and advanced micro-devices weighed on the index,

0:46.9

falling 6.9% and 7.3% respectively. That's after the Trump administration said chips

0:53.2

specifically designed for the Chinese

0:55.0

market would now be subject to export controls. Also, spooking investors were comments from the

1:00.6

Federal Reserve Chair who said the central bank could face tradeoffs trying to shield the U.S.

1:05.2

economy from the fallout from the trade war. Meanwhile, Dutch semiconductor equipment maker ASML said today it saw weaker

1:13.0

than expected orders last quarter. It warned that President Trump's tariffs are creating

1:17.6

uncertainty in the wider industry and predicted that the situation will, quote, remain dynamic

1:22.9

for a while. ASML makes machines that produce chips to power artificial intelligence platforms and ones that are used in cars and smartphones.

1:31.6

Demand for the former has boomed while the latter has cooled. And finally, speculative and opportunistic. That's how Google is describing an antitrust claim filed against it in the UK today.

1:42.9

The potential $6.6 billion collective action lawsuit

1:46.1

was brought by UK organizations that published Google ads. They allege the alphabet-owned

1:51.2

company abused its dominance and overcharged for search advertising services. They also claim

1:56.6

Google's business terms violate competition law and that it gives its own advertising better functionality with its own products compared to rivals. Google's business terms violate competition law and that it gives its own advertising better

...

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