US Stock Market Move | The United States plans to tighten regulations on the export of AI chips, causing AMD Semiconductor (AMD.US) to fall nearly 5%.

On Friday, AMD (AMD.US) fell nearly 5%, while NVIDIA Corporation (NVDA.US) fell over 2%. In terms of news, Bloomberg quoted sources as saying that outgoing US President Biden is preparing to make a last-ditch effort to prevent advanced technology from falling into the hands of China and Russia. This includes imposing a new round of large-scale global restrictions on the export of artificial intelligence (AI) chips from companies like NVIDIA Corporation and AMD.