Semiconductor stocks are under pressure after former President Donald Trump expressed cautious views on the sector, with the Biden administration reportedly exploring ways to further restrict China’s access to chip-making technology, according to Bloomberg reports. The move would potentially impact global suppliers like ASML Holding (ASML). Meanwhile, Trump is questioning America’s defense obligations to Taiwan, causing Taiwan Semiconductor Manufacturing Company (TSM) shares to dip in pre-market trading. Second-quarter earnings continue with Johnson & Johnson (JNJ) reporting before the bell. Yahoo Finance trending tickers include Nvidia (NVDA), GitLab (GTLB), and Shopify (SHOP).

Key guests include:
9:10 a.m. ET Jos Versteeg, InsingerGilissen Senior Analyst
9:25 a.m. ET Mark Spiegel, Founder Stanphyl Capital Management
10:15 a.m. ET Joe Wolk, Johnson & Johnson CFO
10:45 a.m. ET Rich Greenfield, LightShed Partners Partner & Media and Technology Analyst
11:05 a.m. ET Aadil Zaman, Wall Street Alliance Group Partner