China has begun implementing the guidelines it will maintain Intel Corporation (you are K) And Advanced micro devices (AMDMicroprocessors from personal computers and government servers, part of a growing technological disconnect with the U.S., the Financial Times reported on Sunday.
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The new directive also aims to limit the use of… Microsoft (MSFT) Windows operating systems in addition to foreign database programs. This comes at a time when many Chinese government agencies and state-owned companies have banned the use apple (Camel) iPhones in action.
It is part of an effort to support domestic technology in the face of US-led restrictions on exports to China. The United States has banned it Nvidia (NVDA) and AMD from selling AI chips to China, as well as advanced chip-making equipment. The United States has also blocked Huawei's telecommunications equipment and other technology, prompting other countries to follow suit.
The move to limit Intel and AMD chips and Microsoft Windows software stems from new guidelines issued late last year that require most government agencies to purchase “safe and reliable” processors and operating systems.
Intel, AMD stock
Intel stock fell 0.2% to 42.57 last week, and continues to trend downward into 2024.
AMD stock fell 6% to 179.65 last week, continuing a sharp downtrend since March 8. Shares fell amid strong positive reaction to Nvidia's next AI chip. NVDA stock jumped 7.35% last week to 942.89, hitting a record closing high on Friday.
Microsoft stock rose 3% to 428.74 last week, hitting a record high amid general optimism about artificial intelligence and its AI event.
Please follow Ed Carson on topics at @edcarson1971 And X/Twitter at @IBD_ECarson.
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