Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), and a host of peer chipmakers are trading lower Wednesday amid reports of the U.S. adopting a stricter stance over China's AI ambitions.<br /><br />The U.S. plans to update export controls on AI chips to limit China's access to advanced technologies with military applications.<br /><br />The strong demand in China for advanced chips used on AI projects has bred a growing market for smuggled Nvidia GPUs, despite the U.S. ban.
