A Fragile Foothold in China Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) recently secured U.S. approval to resume sales of their lower-end AI chips, the H20 and MI308, respectively, to China,

Analysts at BofA maintained their Buy ratings on Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) following a reported deal between the companies to give 15% of revenues from Chinese AI chips sales to the U.

Advanced Micro Devices (NASDAQ:AMD) shares climbed Monday after the chipmaker agreed to pay 15% of its China AI chip sales revenue to the U.S. government in exchange for export licenses for its MI308 processors.