chipmaker

On Thursday, the Santa Clara-based chipmaker confirmed it would be laying off workers to “drive better, more efficient execution across the business.”

Cantor Fitzgerald, which lost hundreds of employees in the 9/11 attacks, has billion-dollar positions in MicroStrategy — the world’s largest corporate bitcoin holder — and is invested in Nvidia, a leading AI chipmaker.

Shares in the AI chipmaker Nvidia fell nearly 7% on Wednesday after it disclosed a $5.5-billion charge linked to U.S. restrictions on export sales of its H20 chips.

U.S. chipmaker Micron and Honeywell Building Automation also announced tariff surcharges, CBS reported.

Share prices of other tech titans, including Google’s parent company Alphabet, Meta, chipmaker Nvidia and Amazon, also saw big declines, causing the tech-heavy Nasdaq composite to fall 5.8% on Friday — more than 20% below its record set in December.