Advanced Micro Devices, Inc (NASDAQ: AMD) stock is trading higher Monday in line with the broader index Invesco QQQ Trust, Series 1 (NASDAQ: QQQ) despite reports of the U.S. planning to prevent American chipmakers from selling semiconductors to China that bypass its embargo.
The U.S. plans to block some AI chips that fall just under current technical parameters while demanding companies report shipments of others.
Meanwhile, after serving for three years, AMD's CEO, Lisa SU, has reportedly stepped down from the "board of directors" position at Cisco Systems, Inc (NASDAQ: CSCO) to prevent conflict of interests as AMD proposes a shift in its ...