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Benzinga
Benzinga
Business
Melanie Schaffer

EXPLAINED: Why advanced micro devices nvidia are flailing despite us relaxing export rules | Rare Historical Photos

Nvidia AMD United States Nasdaq NVIDIA Corporation

Advanced Micro Devices, Inc (NASDAQ:AMD) and Nvidia Corporation (NSDAQ: NVDA) were each trading over 1% lower on Friday after a bearish day on Thursday dropped the stocks 3% and almost 5%, respectively, off Wednesday’s close.

On Wednesday evening, Nvidia announced that it received information from the U.S. government stating that in order to export its AI processors to China, it would need to first secure a license. AMD revealed through a spokesperson that it received the same communication.

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