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Nvidia and AMD Rise on Report Biden Will Additional Limit China Exports


Shares of semiconductor makers rose Tuesday on a report that said the U.S. was planning new restrictions on exporting cutting-edge semiconductors to China, stepping up efforts to prevent the second-largest economy from manufacturing the latest circuitry.



Nvidia



(ticker: NVDA) climbed 3%,


Broadcom


(AVGO) was up 1.8%,


Advanced Micro Devices


(


AMD


) advanced 2.7%, and


Intel


(INTC) rose 2.2%. The new export curbs would potentially limit competition from abroad for these firms, but may also hit sales.



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