Fidelity Investments’ Jurrien Timmer calls this a “damned-if-you-do-market," that's setting up for a rangebound 2025.

Shares of semiconductor software companies sank, weighed down by a report that they had been caught up in the Trump administration’s efforts to hamstring China’s ability to develop sophisticated artificial intelligence.

The market also wanted to hear about how the US’s ban on most chip exports to China is impacting revenue. The hit to Nvidia’s revenue is huge: the company said that it will hurt revenue in the current quarter to the tune of more than $8bn,

The United States may be imposing restrictions on China to curb its dominance in artificial intelligence, but China is determined to press forward regardless.

The instructions come after the U.S. Commerce Department warned companies about using artificial intelligence chips from China’s Huawei.

TSMC forecasts AI chip sales to double in 2025 and grow at an annualized rate of 40% through 2028. Considering this forecast, the stock looks compelling, trading at a reasonable 21 times this year's earnings estimate, while analysts expect earnings to grow at an annualized rate of 21%.

On May 27, Analyst Joseph Moore of Morgan Stanley maintained a “Buy” rating on NVIDIA Corporation (NASDAQ: NVDA) and retained the price target of $160.00.

Investing.com -- Redburn Atlantic has begun coverage on three semiconductor stocks—Broadcom Inc (NASDAQ: AVGO ), Arista Networks (NYSE: ANET ), and Marvell Technology Inc (NASDAQ: MRVL ).

Hearing about artificial intelligence from inside Chinese business paints a very different picture of the tech than popularly understood.

No one knows which company will be the top-performing artificial intelligence (AI) stock over the next five years. We're about two-and-a-half years into the AI arms race, and few could have predicted what has transpired, let alone what will happen over the next few years.