Tech Stocks Fall After Israel Strikes Iran Amid Middle East Tensions

Tech stocks broadly declined amid rising geopolitical tensions following Israel's strikes on Iran, with major indexes like the S&P 500, Nasdaq, and Dow retreating about 1%. Semiconductor stocks, including Nvidia, Taiwan Semiconductor Manufacturing, Micron, Qualcomm, and Marvell Technology, experienced notable drops, reflecting investor caution amid uncertainty. Nvidia's stock fell around 1-1.8% but remains near its 52-week high, supported by strong institutional confidence and robust fundamentals such as a 69.2% year-over-year revenue increase and expansive AI-driven demand. Despite the short-term pullback triggered by the Middle East conflict, analysts like UBS maintain a bullish outlook on Nvidia, citing a $1.5 trillion AI infrastructure investment opportunity and recent CEO announcements of new European partnerships and AI centers. Other tech giants such as Google, Amazon, Meta, and Microsoft saw minor declines or minimal movement, while defense-linked Palantir bucked the trend with a modest gain. Market participants are closely monitoring how the geopolitical situation might impact tech demand and broader market sentiment.