These 4 Trump-backed chip stocks have seen steeper losses than the beleaguered sector
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Intel and three other government-backed semiconductor companies have seen price declines that have outpaced the beleaguered sector as a whole.
Directly affected
- INTC Intel-57.5% 30d
Named in this report.
Indirectly affected
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- SOXX iShares Semiconductor ETF-20.8% 30d
iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- TSM Taiwan Semiconductor Manufacturing-9.5% 30d
Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- ASML ASML Holding N.V-7.1% 13d
ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- NVDA Nvidia-8.4% 30d
Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- AVGO Broadcom-17.4% 30d
Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| INTC | +25.99% | +15.88% | base | +7.85% | after close | after close | after close |
| SMH | +17.15% | +16.15% | base | +3.89% | after close | after close | after close |
| SOXX | +20.02% | +18.34% | base | +4.24% | after close | after close | after close |
| TSM | +15.19% | +14.85% | base | +6.45% | after close | after close | after close |
| ASML | +15.17% | +14.16% | base | +4.79% | after close | after close | after close |
| NVDA | +12.76% | +13.75% | base | +2.81% | after close | after close | after close |
| AVGO | +11.90% | +13.93% | base | +0.52% | after close | after close | after close |
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.
These 4 Trump-backed chip stocks have seen steeper losses than the beleaguered sector Yahoo Finance
Source: Yahoo Finance
Semiconductors
| Company | When | Move | Status |
|---|---|---|---|
| ASML | that day | +4.79% | final price |
| ASML | three days earlier | +14.16% | final price |
| ASML | five days earlier | +15.17% | final price |
| AVGO | that day | +0.52% | final price |
| AVGO | three days earlier | +13.93% | final price |
| AVGO | five days earlier | +11.90% | final price |
| INTC | that day | +7.85% | final price |
| INTC | three days earlier | +15.88% | final price |
| INTC | five days earlier | +25.99% | final price |
| NVDA | that day | +2.81% | final price |
| NVDA | three days earlier | +13.75% | final price |
| NVDA | five days earlier | +12.76% | final price |
| SMH | that day | +3.89% | final price |
| SMH | three days earlier | +16.15% | final price |
| SMH | five days earlier | +17.15% | final price |
| SOXX | that day | +4.24% | final price |
| SOXX | three days earlier | +18.34% | final price |
| SOXX | five days earlier | +20.02% | final price |
| TSM | that day | +6.45% | final price |
| TSM | three days earlier | +14.85% | final price |
| TSM | five days earlier | +15.19% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Intel (INTC) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Intel (INTC), worth $100,001 - $250,000 on 21 Aug 2026. That is 77 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Cleo Fields bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 9 Oct 2026. That is 28 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 22 Sep 2026. That is 45 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 73 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 14 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Pete Sessions sold Nvidia (NVDA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 35 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Cleo Fields bought Nvidia (NVDA), worth $1,001 - $15,000 on 1 Oct 2026. That is 36 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Nvidia (NVDA) (held by a dependent child), worth $1,001 - $15,000 on 23 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. John J McGuire III sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 24 Sep 2026. That is 43 days before publication. Filed 1 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a dependent child), worth $15,001 - $50,000 on 23 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the semiconductors case looks
12 out of 100
“These 4 Trump-backed chip stocks have seen steeper losses than the beleaguered sector” scores 12 out of 100. The score uses 1 sources.