Nvidia and AMD Rise on Report Biden Will Further Restrict China Exports

Shares of semiconductor makers rose Tuesday on a report that said the U.S. was planning new restrictions on exporting cutting-edge semiconductors to China, stepping up efforts to prevent the second-largest economy from manufacturing the latest circuitry.


Nvidia

(ticker: NVDA) climbed 3%,


Broadcom

(AVGO) was up 1.8%,


Advanced Micro Devices

(


AMD

) advanced 2.7%, and


Intel

(INTC) rose 2.2%. The new export curbs would potentially limit competition from abroad for these firms, but may also hit sales.

Source: Yahoo

Benzinga

Benzinga

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