$AMD(AMD)$ Advanced Micro Devices Inc on Wednesday said U.S. officials have told it to stop exporting its top artificial intelligence chip to China.
The company said new license requirements prevent shipment of its MI250 chips to China but its MI100 chips are not affected by the new requirement. The company said it does not believe the new rules will have a material impact on its business
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U.S. futures extend losses. . Nasdaq -1.03%. Nasdaq is trading much lower as chipmaker Nvidia & AMD drops after U.S. prohibited sales of some its products to China.
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