Biden to Further Limit Nvidia, AMD AI Chip Exports
Posted: Jan 08, 2025
- President Joe Biden plans to impose additional restrictions on the export of artificial intelligence chips, including those from $NVDA.
- The goal is to prevent advanced technologies from getting into the hands of China and Russia.
- The US aims to limit the sale of AI chips used in data centers to friendly nations and align global businesses with American standards.
- The regulations would create three tiers of chip trade restrictions.
- The restrictions could be issued as soon as Friday.- President Biden plans to further limit exports of Nvidia AI chips in final push
- New restrictions will target Gulf states and Southeast Asian countries
- Goal is to restrict semiconductor exports to most of the world
- Aim is to keep advanced technologies away from China and Russia
- US wants to concentrate AI development in friendly nations and align businesses with American standards
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - The comments express concern about the impact on NVDA and AMD, the potential for circumventing restrictions, skepticism about policy effectiveness, and expectations of negative repercussions for AMD. Summarized comments: - The new export limits explained the recent selling volume in the stock market - There are security requirements and human rights standards for maintaining access to US chips - Speculation about starting companies in countries with access to circumvent restrictions - Concerns about policy reversals by new administrations - Discussion on companies attempting to bypass restrictions by renting rather than purchasing hardware - Skepticism on the effectiveness of attempts to circumvent chip export restrictions - Belief that the restrictions will push China to develop its own technology - Expectation that $AMD may be more negatively impacted than $NVDA Stock tickers discussed: $NVDA, $AMD
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!