Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher by 3.2% to $98.20 during Monday’s session as the U.S. imposed its latest round of semiconductor export restrictions on China, a move that could shift demand for advanced chip technologies toward global leaders like AMD.
The Biden administration's measures, which target 140 Chinese entities and restrict access to cutting-edge memory chips, chipmaking tools and AI-related technologies, are part of a broader strategy to limit China's tech advancements.
