This article is authored by Reuters.
Wall Street’s main indexes were down on Monday as investors await inflation data this week and chip companies seesawed after agreeing to share a portion of revenue from China sales with the U.S. under a trade policy shift from the Trump administration.
Nvidia (NVDA.O), opens new tab was flat after reversing premarket losses, and Advanced Micro Devices (AMD.O), opens new tab was up 0.5% in volatile trading. A U.S. official told Reuters the semiconductor majors had agreed to give the United States government 15% of revenue from sales of their advanced chips to China.
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