Nvidia, AMD to Resume AI Chip Sales to China
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AMD shares climbed again Wednesday amid optimism about the company's plans to restart exports of its MI308 chips to China. Monitor these key chart levels.
Advanced Micro Devices, Inc. gains momentum with China expansion, AI adoption, and OpenAI ties. Click for my updated look at AMD stock ahead of Q2 earnings.
The sales resumption of Nvidia's H20 processors and Advanced Micro Devices' (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts.
AMD stock jumps 8% as analysts grow bullish on its AI chip momentum, China export approval, and hyperscaler demand.
Advanced Micro Devices Inc. said that it plans to restart shipments of its MI308 chips to China after the US said it would approve the sales, following a similar decision on an Nvidia Corp. semiconductor.
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Nvidia CEO Jensen Huang says the Trump administration is letting it sell its advanced H20 computer chips, used to develop artificial intelligence, to China — a reversal of administration policy.