Possible cuts in AI chip exports to China

Bump ahead: People walk past the Nvidia office in Taipei, Taiwan. Shares of the company have fallen more than 2% on the news of the export restrictions. — Bloomberg

NEW YORK: The United States is considering new restrictions on exports of artificial intelligence (AI) chips to China, the Wall Street Journal has reported, citing people familiar with the matter.

Shares of Nvidia fell more than 2%, while Advanced Micro Devices (AMD) fell about 1.5% on the news in extended trading.