U.S. stocks ended the week mostly higher, with the S&P 500 (+0.6%) and Nasdaq (+1.5%) setting new record highs, lifted by strong Q2 earnings and softer-than-expected inflation data. June retail sales ...

According to Mizuho, the announcement means AMD will be able to resume the shipments of its MI308 chips to China. This ...

China's state security agency says it is cracking down on supposed smuggling of rare earths minerals that it says threaten ...

AMD’s stock skyrocketed over 7% after the US approved resuming MI308 chip shipments to China. The US Commerce Department confirmed AMD’s license applications for MI308 chips will move forward. This ...

The U.S. Commerce Department told AMD that it will resume reviewing license applications required to send its MI308 products ...

According to a Bloomberg report, the U.S. Department of Commerce has indicated that license requests related to AMD’s MI308 ...

Shares of Advanced Micro Devices ( NASDAQ: AMD) jumped over 7% on Tuesday after the company stated that it will resume shipments of its MI308 chips to China after receiving the US government approval.

Advanced Micro Devices Inc. said that it plans to restart shipments of its MI308 chips to China after the US said it would approve the sales, following a similar decision on an Nvidia Corp.

KeyBanc reduced the firm’s Q2 gross margin estimate for AMD (AMD) from 54% to 43% to reflect $800M in charges associated with the write-off of MI308. The firm cut its earnings per share estimate ...

AMD previously said it expects U.S. export restrictions on its MI308 chips to lead to a revenue loss of $1.5 billion for 2025. See more: Nvidia, AMD extend stock gains.

Nvidia CEO Jensen Huang reportedly called Washington’s export curbs on the sale of AI chips to China a “failure” that would drive Chinese rivals to speed up developing their own semiconductors.