US Tightens AI Chip Exports, Nvidia and AMD Feel the Pinch

In late 2024, the Biden administration launched strict export controls on AI chips from Nvidia and AMD to block advanced tech from reaching China and Russia. The tiered system grants full access to allies, limited access based on US standards to others, and blocks adversaries outright. Targeting Nvidia’s A100 and AMD’s MI250 chips, the move has nudged their stocks downward. While aimed at national security, industry leaders fret it might slow US tech supremacy.