Reported about 13 hours ago
The Biden administration's new export restrictions on AI chips have sparked a sell-off in semiconductor stocks, with Nvidia labeling the measures as 'misguided.' Patrick Moorhead, founder and CEO of Moor Insights & Strategy, describes these unprecedented controls as unclear in their impact and detrimental to innovation and revenue, particularly affecting companies like Nvidia and AMD, while even drawing criticism from the EU as a misstep for U.S. national security.
Source: YAHOO