Overview

• The U.S. Commerce Department has implemented new export licensing rules for Nvidia's H20 and AMD's MI308 chips, restricting sales to China.
• Nvidia has projected a $5.5 billion financial impact due to the new export curbs on its key AI chips for the Chinese market.
• Tech stocks, including Nvidia and AMD, experienced sharp declines, with Nvidia shares down over 5% in premarket trading and AMD falling nearly 6%.
• These export controls mark an escalation in US-China trade tensions, as the U.S. aims to limit China's access to advanced semiconductor technology.
• President Trump has also ordered an investigation into potential tariffs on critical minerals, signaling further expansion of trade measures.