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Chip stocks fall after Commerce Dept bars 5 more Chinese firms from buying US parts

The U.S. Commerce Department has banned five more Chinese entities from buying U.S. components after blacklisting telecom giant Huawei last month.
Shares of U.S. semiconductors came under pressure after the announcement. Advanced Micro Devices tumbled more than 3%, while Xilinx and Nvidia also fell 2.2% and 1.5%, respectively.