Thanks to its size and the contrast between the regular session endorsement and the after-hours hit, Nvidia (NASDAQ: NVDA) has been making headlines on April 16 as President Donald Trump banned the shipping of advanced semiconductors to China.
Semiconductor stocks sank Wednesday after Nvidia (NVDA) and Advanced Micro Devices (AMD) warned they would take a hit after the Trump administration moved to curb the chipmakers' exports to China.
Breaking news hits Morning Trade Live as AMD Inc. (AMD) reports it will lose $800 million over U.S. export restrictions. Diane King Hall makes the comparison to Nvidia (NVDA) facing similar issues, and the concern that DeepSeek's disruption still lingers over the A.I.
Advanced Micro Devices said it could incur charges of up to $800 million for exporting its MI308 products to China and other countries. Shares of AMD were down more than 5% on Wednesday.
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.
Chip stocks fell after new export licensing requirements were imposed on Nvidia's H20 and AMD's MI308.
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 Washington's ongoing efforts to tighten control over advanced semiconductor technology.
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.
AMD said Tuesday that some of its central-processing units for data centers will be made at Taiwan Semiconductor Manufacturing's site in Arizona.
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.