AMD Shares Surge After Nvidia Secures Export License
Advanced Micro Devices (NASDAQ: AMD) stock rose by 7.2% as of 11 a.m. ET, a reaction to Nvidia’s receipt of export licenses to sell its H20 processors in China. Nvidia’s approval is seen as a potential precursor for AMD’s own AI processors to gain similar export licenses, which could significantly enhance revenue opportunities for AMD.
The export licensing news follows new restrictions implemented in April that had previously hindered Nvidia’s ability to sell H20 hardware in China. This development appears to signify a shift in U.S. trade relations and comes after a meeting between President Trump and Nvidia’s CEO, Jensen Huang.
