Technology stocks declined as the chipmaking sector warned of ongoing uncertainty and higher costs from President Donald Trump's tariff plans. Nvidia revealed in a filing Tuesday that will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China.
AMD says that the U.S. government's license control requirement for exporting AI chips to China and certain other countries may impact its earnings significantly.
Advanced Micro Devices (AMD 0.85%) supplies some of the world's best semiconductors, including a growing portfolio of chips specifically designed to handle artificial intelligence (AI) workloads in data centers and personal computers.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares fell 6.3% in after-hours trading on Tuesday, while fellow chipmaker AMD dropped 7.1%, after the U.S Commerce Department unveiled new export restrictions targeting their artificial intelligence chips bound for China. The revised rules impose licensing requirements on Nvidia's H20 and AMD's MI308 processors, along with equivalent models, as part of Washin...
The U.S. Commerce Department said on Tuesday it was issuing new export licensing requirements for Nvidia's H20, AMD's MI308 artificial intelligence chips, as well as their equivalents, to China.
Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) will soon begin manufacturing its key processor chips in the United States for the first time, using Taiwan Semiconductor Manufacturing Company's (TSMC) new Arizona facility. The shift marks a notable expansion of AMD's supply chain beyond Asia, amid growing geopolitical tension and trade uncertainty.
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