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Stocks Rise For US Suppliers Of Huawei

Video Credit: Wochit Business - Duration: 00:43s - Published < > Embed
Stocks Rise For US Suppliers Of Huawei

Stocks Rise For US Suppliers Of Huawei

According to Reuters, the shares for US suppliers of Huawei are on the rise again after tanking earlier in the week.

Late last week, President Donald Trump added Huawei to a trade blacklist, effectively forcing several companies to suspend business with the Chinese telecom firm.

But earlier this week, Huawei was granted a license to buy U.S. goods until mid-August.

On May 22nd, shares for Intel, Qualcomm, Xilinx, and Broadcom rose between 1-and-4.5 percent.

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Stocks Rise For US Suppliers Of Huawei

MAY 9, 2019, FILE PHOTO




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