Shares of Nvidia Corp.
and Advanced Micro Devices Inc. AMD, +2.68% slumped in the extended session Tuesday following a report that the Biden administration is considering a new ban of sales of AI chips to China. Late Tuesday, the Wall Street Journal reported the Commerce Department could further block sales of AI chips to China without obtaining a special license first. Nvidia shares fell after a 3.1% rise to close at $418.76, and AMD shares fell 2%, after a 2.7% gain in the regular session to close at $110.39.
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Biden denies lying about Hunter Biden business deal conversationsPresident Biden responded flatly no when asked by Fox News correspondent Jacqui Heinrich if he lied about never speaking with Hunter Biden about his business deals.
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