We recently published 12 Latest Stocks Jim Cramer Discussed. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer recently discussed. Advanced Micro Devices, Inc. (NASDAQ:AMD)’s AI accelerators are the only ones in the market that can cater to AI demand on a massive scale, except for NVIDIA’s products. Consequently, the firm’s shares…
China is requiring its data centres to use more home-grown computing chips in a move that underscores Beijing’s accelerated efforts to cut reliance on foreign technology as the US tightens export controls. Publicly owned computing hubs across the country have been asked to source more than 50 per cent of their chips from domestic producers…
Six Senate Democrats have sent an open letter to President Donald Trump, asking him to reconsider his decision to permit tech giants Nvidia and Advanced Micro Devices (AMD) to sell advanced AI semiconductor chips to China. The group of senators include Chuck Schumer, Mark Warner, Elizabeth Warren, Jack Reed, Jeanne Shaheen and Christopher Coons. They…
The world’s largest hedge fund, Bridgewater Associates, sold all of its holdings in US-listed Chinese companies in the second quarter, marking a decisive retreat from the market as geopolitical tensions and shifting investor sentiment clouded the outlook for the world’s second-largest economy. The fund exited positions in 16 Chinese stocks, which were worth US$1.41 billion…
Nvidia (NVDA, Financials) and Advanced Micro Devices (AMD, Financials) will give the U.S. government 15% of revenue from certain AI chip sales to China in return for export licenses, the White House said Tuesday. The agreements cover Nvidia’s China-specific H20 chip and AMD’s equivalent processors, designed to meet U.S. export limits. President Donald Trump negotiated…
When Chinese artificial intelligence startup DeepSeek debuted a chatbot that it said rivaled the best the United States had to offer, and at a fraction of the cost, venture capitalist Marc Andreesen called it “AI’s Sputnik moment.” Seven months later, it appears DeepSeek needs some American rocket power to get its AI Sputnik off the…
Aug 14 – Wedbush is calling it a bullish sign for the AI sector. Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) are reportedly getting the green light to sell AI chips in China, provided they hand over 15% of profits to the U.S. government. According to sources, Nvidia will share revenue from its H20 AI…
Under both the first Trump and Biden administrations, Washington argued that it needed to limit China’s technological development by barring more and more sensitive products from being exported to its strategic rival. Now, Trump’s decision to allow Nvidia and AMD to sell their advanced AI chips to China in exchange for a 15% cut of…
The Trump administration has made curbing China’s access to high-powered AI chips a high priority. According to the government, China may use the chips to build up its arsenal of military technology, and it simply can’t have that. At the same time, America’s considerable and longstanding chip export controls may also be aimed at slowing…
China is reportedly pressuring major tech companies like Alibaba and ByteDance to reconsider their orders for Nvidia’s H20 AI chips even as Chinese regulators have asked tech firms to explain why they are purchasing Nvidia’s chips – which US President Donald Trump called ‘obsolete’ – instead of using domestic alternatives, suggesting that they want the…