Hyperscalers Microsoft, Amazon Line Up With Earnings, Along With ServiceNow, Intel

Directly affected

• MSFT Microsoft+3.7%

  Named in this report.

• NOW ServiceNow+11.7%

  Named in this report.

• INTC Intel-10.5%

  Named in this report.

Indirectly affected

• NVDA NVIDIA+0.0%

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

• TSM Taiwan Semiconductor-0.0%

  The main advanced-chip manufacturer sits in Taiwan

• ASML ASML-7.1%

  Chipmaking-equipment sales follow export rules

• AVGO Broadcom-6.7%

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

• AMD AMD+4.6%

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

• AMAT Applied Materials-12.6%

  Chip-equipment makers feel export controls

• LRCX Lam Research-15.9%

  Chip-equipment makers feel export controls

• SMH VanEck Semiconductor

  A fund of semiconductor companies

• SOXX iShares Semiconductor

  A fund of semiconductor companies

• QQQ Invesco QQQ

  Big tech moves with chip-supply risk

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.