Yahoo Finance Live anchor Seana Smith looks at how markets settled on Tuesday afternoon, with semiconductors dragging tech stocks down.
Yahoo Finance's Brian Cheung and Akiko Fujita discuss the response from chip makers and the Street as President Biden signs a package of semiconductor investment into law.
Shares of Nvidia (NASDAQ: NVDA) were trading down 5.5% as of 12:22 p.m. ET on Tuesday. This follows Nvidia's disclosure on Monday that revenue for the fiscal second quarter would come in below expectations. Year to date, Nvidia stock is down 42% over concerns that slowing demand for graphics chips used by gamers in their PC gaming rigs would pressure Nvidia's top line.