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Why AMD and Nvidia Stocks Dropped After Hours on Tuesday

Reports of additional export controls for AI chips might reduce Nvidia and Advanced Micro Devices' growth outlooks.

By Jose Najarro – Jun 28, 2023 at 5:30AM EST

In this video, I will discuss how Nvidia (NVDA +1.73%) and Advanced Micro Devices (AMD +11.44%) may be impacted by additional U.S. export controls to China. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of June 27, 2023. The video was published on June 27, 2023.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
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X@_JoseNajarro

Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$215.16
(+1.73%)+$3.66
Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$455.19
(+11.44%)+$46.73

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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