AMD

US is slowing AI chip exports to Middle East by Nvidia, AMD

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US is slowing AI chip exports to Middle East by Nvidia, AMD

US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region. It’s unclear how long the review will … Read more

US stocks: Dow ends above 40,000 milestone, indexes notch up weekly gains

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US stocks: Dow ends above 40,000 milestone, indexes notch up weekly gains

The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve this year. The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up … Read more