That builds on a 4.3% gain the stock saw during normal trading hours on Monday. AMD stock starts us off with the semiconductor stock seeing a 2.7% increase in pre-market trading.Let’s take a look at how this news is affecting these chip stocks below! The recent reports also alleged that the Biden Administration will codify restrictions recently placed on Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). That includes any tech used to create 14 nanometer or better semiconductors, reports Bloomberg. The reports claim that the new rules will keep China from getting some of the best chip production technology from the U.S. This would build on previous efforts by the government to reign in China’s industrial plans. All Rights Reserved.Chip stocks are on the move Tuesday thanks to reports of an upcoming announcement from President Joe Biden’s administration.Īccording to these reports, the Biden Administration is preparing to place additional limitations on China’s access to U.S. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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