US curbs AI chip exports from Nvidia and AMD to some Middle East countries

News Snapshot:

Aug 30 (Reuters) - The U.S. expanded the restriction of exports of sophisticated Nvidia (NVDA.O) and Advanced Micro Devices (AMD.O) artificial-intelligence chips beyond China to other regions including some countries in the Middle East. Nvidia said in a regulatory filing this week that the curbs, which affect its A100 and H100 chips designed to speed up machine-learning tasks, would not have an "immediate material impact" on its results. Rival AMD also received an informed letter with similar restrictions, a person familiar with the matter told Reuters, adding that the move has no material impact on its revenue. U.S. officials usually...