Bloomberg Technology China Chip Controls Weigh on Market, Crypto Selloff Gathers Steam
Feb 25, 2025
Jennifer Huddleston, a Senior Tech Policy Fellow at the Cato Institute, analyzes the implications of Trump’s tech policies on trade and antitrust. Meanwhile, Josh Chapman, co-founder of Convoy, discusses how US-China tensions are reshaping the gaming industry, highlighting risks for major players like Tencent. The conversation dives into the ripple effects of chip export controls on global markets and the latest turmoil in cryptocurrency, offering a nuanced look at the intersections of technology, policy, and international relations.
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Market Anxiety Over Chip Controls
- Market anxiety builds around chip export controls to China, impacting semi-stocks.
- The Nasdaq 100 experiences its longest losing streak of the year, down 1.5%.
Trump Extends Biden's Chip Control Policy
- The Trump administration pressures Japan and the Netherlands to restrict chip-making equipment sales to China.
- This move extends the Biden administration's focus on limiting China's access to advanced technology.
Magnificent Seven Lagging
- Six of the seven "Magnificent Seven" tech stocks are lagging the market in 2025.
- Market resilience is surprising given this underperformance, but supportive factors remain.