Nvidia logo during the annual Computex computer show in Taipei, Taiwan, May 30, 2017.
Tyrone Siu | Reuters
Shares of global semiconductor companies witnessed volatile trading on Tuesday after their shares fell Nvidia During the previous session.
Shares of chip companies in Europe and Asia fell in early trading as investors reacted to Nvidia losing more than $500 billion in market value over three trading days. However, some stocks have recovered their losses, with shares of the US chipmaker giant up about 5.5% as of Tuesday at 11:40 a.m. ET.
Switzerland-based semiconductor company Six MicroelectronicsShares ended the day down about 1.44%.
in Europe, ASMLThe Dutch chip equipment giant reversed losses earlier in the day to close 0.18% higher as Nvidia shares recovered. ASML is a major player in the global semiconductor market. The company manufactures and sells extreme ultraviolet (EUV) lithography machines, which chipmakers use to manufacture integrated circuits.
SweetykWhile it decreased by 0.1% ASMI It rose 0.6% after falling earlier in the session. Pan-European Stokes 600 It closed down about 0.3%.
Asian semiconductor stocks also had a volatile day. Taiwanese chip company MediaTek Shares of the South Korean company fell by 1.8%. Samsung It fell 0.3%.
TSMCthe world's largest chipmaker, and SK Hynix, managed to avoid negative sentiment, rising by 0.5% and 0.9%, respectively.
Nvidia shares rebound
This comes after Nvidia shares fell sharply over three straight sessions, falling 13% from their all-time highs on Thursday.
On Monday, Nvidia closed down 6.7% — its second-largest decline of the year — but shares began to rebound in early trading on Tuesday.
The company topped the list last week apple And Microsoft As the most valuable American company, its market value reached more than $3.4 trillion. By the end of Monday, Nvidia had seen more than $540 billion wiped off its market value.
For its part, Nvidia says demand for AI-powered graphics processing units (GPUs) remains high.
Companies including Microsoft, Google, Amazon, inspirationAnd dead It buys its chips worth billions of dollars to power its data centers and cloud services.
Later this year, Nvidia will begin shipping its next generation of AI chips, called Blackwell, which some analysts say could kick off another cycle of big growth for the chipmaker and its partners.
CNBC's Kev Leswing contributed to this report
