Nvidia, AMD, Intel lead $1 tn wipeout as Xi-Trump summit fails to impress markets

Nearly $1 trillion was erased from US equities within the first five minutes of trading, led by declines in tech and chip stocks. Intel and Nvidia's shares fell 6% and 3%, respectively, while AMD and Micron dropped 3% and 5%. The decline came after US President Donald Trump and Chinese President Xi Jinping's talks ended without major semiconductor trade announcements.