🔴 AMD is trading 3.3% down today on reports of potential U.S. AI chip export caps to China

AMD is trading at $192.11 (-3.28%) as reports surface that U.S. officials are considering per-customer export caps on advanced AI chips to China.

• The proposed restrictions could limit sales of AMD MI325 and NVIDIA H200 units to Chinese firms, raising significant concerns over future international demand.
• The decline aligns with broader tech sector pressure and geopolitical tensions, with the Nasdaq dropping 1.68% in midday trading.
• Investors are also monitoring AMD's analyst day event at 1 PM ET for updates on AI chip roadmaps, which follows a recent bullish outlook from UBS.