The tech sector was behind much of the market recovery from the April selloff, but investors have started to take stock of the elevated valuations, sending the S&P 500 and the Nasdaq to their worst day in more than two weeks on Tuesday. Deepening concerns of government interference with companies, sources said the Trump administration was looking into taking equity stakes in chip companies in exchange for grants under the CHIPS Act – just weeks after signing unprecedented revenue-sharing deals with Nvidia and AMD. Nvidia, Advanced Micro Devices and Intel were marginally lower in premarket trading.Read More
