Nvidia Curbs and ASML Warning Spur Global Tech-Stock Rout (1)

Technology stocks sank as new US government restrictions on the export of Nvidia Corp. chips to China and a disappointing report from ASML Holding NV dimmed the outlook for the semiconductor sector, wiping out more than $200 billion in market value for the two companies alone.

Nvidia fell 6.9% after the chipmaker warned it will report around $5.5 billion in related charges during the fiscal first quarter. Dutch chip-equipment maker ASML slid 7.1% in US trading. The selloff in semiconductor stocks over the past three months has already wiped out about $2 trillion in market capitalization.

Nvidia headquarters in Santa Clara, California.

Photographer: David Paul Morris/Bloomberg

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