NVDA, AMD Lower Today After Further A.I Chip Sale Restrictions To China
Schwab Network
English - June 28, 2023 14:44 - 4 minutes - 55.8 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Chip stocks like Nvidia (NVDA) and AMD are falling this morning after a report of further restrictions on A.I. chip sales to China by the Biden Administration. U.S. companies would need to obtain a special license to sell them as new commerce department rules could be in place as soon as early July 2023. Renita Young weighs in on U.S. concerns about A.I. technology being available in China.