Nvidia And AMD Slip In Premarket As Reports Say U.S. Will Take 15% Cut Of China AI Chip Sales
1. AMD and Nvidia agreed to pay 15% revenue on AI chip sales to China. 2. This deal facilitates their export licenses from the U.S. government. 3. AMD's MI308 chip sales are affected; $800 million write-off reported. 4. Market reacted negatively; AMD shares fell 2.3% during premarket trading. 5. Potential U.S. government earnings from AMD could reach $120 million.