The Biden Administration Is Evaluating A Wider Chip Ban On China
In his podcast addressing the markets today, Louis Navellier offered the following commentary. A Wider Chip Ban On ChinaThere has been a major development on the AI front this week. Nvidia gets about 20% of its revenue from China. Due to the Biden Administration’s restrictions on AI chips to China and Russia, Nvidia designed a special AI chip with a smaller bus, so the data travels slower. However, the Biden Administration is now evaluating a wider chip ban on China, so NVIDIA Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD), and other semiconductor stocks got hit with profit-taki...