US Stock Market Move | Chip stocks plummeted during trading, with AMD (AMD.US) falling more than 7% at one point.

On Friday, chip stocks plummeted during trading, with AMD (AMD.US) dropping over 7% at one point. As of the time of writing, AMD's decline has narrowed to 5.7%, NVIDIA Corporation (NVDA.US) dropping over 1.5%, Micron Technology, Inc. (MU.US) dropping over 3.7%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) dropping over 3.4%, Broadcom Inc. (AVGO.US) dropping over 2.4%, and Intel Corporation (INTC.US) dropping 0.8%. In terms of news, Trump threatened to implement "large-scale tariff increases" on goods imported from China, citing China's plans to impose new control measures on rare earth exports.