Chipmaker Split: AMD Tumbles, Nvidia Climbs In Premarket — What's Going On?

Benzinga · 03/25 10:43

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) dipped in premarket trading on Monday after a Financial Times report claimed China plans to phase out U.S.-made microprocessors from government computers and servers.

This move aligns with China’s broader push for domestic tech solutions and comes amid ongoing trade tensions with the U.S.

Unlike AMD and Intel, Nvidia Corp. (NASDAQ:NVDA) appears less affected due to its geographically diverse application of AI accelerators, according to analysts. It was, however, impacted last year by U.S. restrictions on the export of high-performance processors to China.

Premarket data shows AMD down 2.17% to $175.76, Intel down 2.65% to $41.44, and Nvidia up 0.83% to $950.75, according to Benzinga Pro data.

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