Nvidia and AMD Shares Jump With Sales Set to Resume to China. Is It Too Late to Buy the Stocks?

The trade war between the U.S. and China recently took an unexpected turn, and the biggest beneficiaries look to be Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Both stocks popped after news broke that the U.S. is set to ease chip export restrictions, potentially allowing the companies to resume selling their artificial intelligence (AI) chips to China.China is a huge market that had recently been closed off to the two companies.Nvidia will now be allowed to sell its H20 graphics processing units (GPUs), which were designed specifically to comply with prior export rules, to China. Sales were halted in April after new rules required the company to apply for a license, putting billions of dollars in revenue at risk.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool