00:00 Speaker A
It’s time now for some of today’s trending tickers. We are watching ASML, Tesla and AMD. First up, ASML missing order expectations for the first quarter. The Dutch semiconductor equipment company saying that tariff uncertainty could hit demand for its machines. The company says it has no plans to move more production to the US to limit its exposure to tariffs.
00:31 Speaker B
Next up, Tesla reportedly suspending shipments of parts from China for its cyber cab and semi electric trucks due to President Trump’s tariffs. According to a report from Reuters, Tesla was prepared to absorb the costs when Trump imposed the 34% tariff on Chinese goods, but could not do so when the tariffs were increased.
01:02 Speaker A
Finally, AMD is warning on the impact of US export controls on China. The company saying it expects an $800 million hit from the Trump administration’s crackdown on sales of its technology to the world’s second largest economy. The company will apply for licenses to sell in China, but says that there are no assurances at this time.
01:33 Speaker B
You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance’s trending tickers page.