AMD shares are trading lower amid reports of the U.S. planning to revise its export controls on AI chips to limit China's access to advanced technologies with military applications.
Portfolio Pulse from Benzinga Newsdesk
AMD shares are trading lower following reports of the U.S. planning to revise its export controls on AI chips, which could limit China's access to advanced technologies with military applications.
June 28, 2023 | 11:31 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AMD's stock price is falling due to potential changes in U.S. export controls on AI chips, which could limit China's access to such technologies.
The U.S. government's plan to revise export controls on AI chips could potentially limit China's access to these technologies. As AMD is a major producer of these chips, this regulatory change could significantly impact their business, leading to a decrease in their stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100