China Blocks Intel, AMD Chips in Government Computers, Market Reacts

China's decision to restrict Intel and AMD chips in government PCs and servers triggers a sell-off in tech stocks, with the Dow Jones, S&P 500, and Nasdaq all recording losses.

China has implemented guidelines to prevent the use of Intel and AMD chips in government personal computers and servers, contributing to a sell-off in these companies' stocks.
The Dow Jones Industrial Average, S&P 500, and Nasdaq composite all fell following the announcement, with tech-heavy indices experiencing the most significant drops.
Tesla's stock also declined after an analyst downgrade, further contributing to the market's downward trend.
Despite the market downturn, some stocks like Disney, Arista Networks, and DraftKings remain in buy range, indicating potential investment opportunities.
The broader stock market rally continues to be driven by expectations of Federal Reserve rate cuts and the ongoing artificial intelligence boom, with Nvidia and other AI-related stocks making significant gains.