Applying Semiconductor and Server Tariffs to Data Centers, Under Section 232 or Section 301, Would Now Cost the U.S. About $180 Billion a Year

Directly affected

• No company is named in this report.

Indirectly affected

• NVDA NVIDIA+0.6%

  Chip makers and their suppliers move when export rules or Taiwan risk changes

• TSM Taiwan Semiconductor-1.5%

  The main advanced-chip manufacturer sits in Taiwan

• ASML ASML-4.3%

  Chipmaking-equipment sales follow export rules

• AVGO Broadcom-10.6%

  Chip makers and their suppliers move when export rules or Taiwan risk changes

• XLE Energy Select Sector SPDR+3.8%

  Energy prices move when sanctioned supply is blocked

• USO United States Oil Fund+4.9%

  This fund moves with oil prices

• AAPL Apple+4.8%

  Sales and supply chains are exposed to a new tariff

• NKE Nike+3.3%

  Sales and supply chains are exposed to a new tariff

• AMD AMD-1.6%

  Chip makers and their suppliers move when export rules or Taiwan risk changes

• AMAT Applied Materials-12.6%

  Chip-equipment makers feel export controls

Price reaction, T-5 to T+3

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.