China has banned foreign AI chips from all new state-funded data centers, escalating the U.S.–China technology war. According to Reuters, Beijing’s directive applies to projects under 30% completion, forcing them to remove or avoid U.S. chips from companies like AMD (NASDAQ: AMD), Nvidia (NASDAQ: NVDA), and Intel (NASDAQ: INTC). The policy is designed to support domestic chipmakers, including Huawei, while offering up to 50% power-cost subsidies for Chinese-built data centers. Meanwhile, Alibaba’s Aegaeon platform now cuts reliance on Nvidia GPUs by 82%, showing how quickly China is developing AI self-sufficiency. As of pre-market Wednesday, AMD trades at $242.68, down 2.95%, as investors react to growing concerns that U.S. chipmakers could lose long-term market share in China. Over the past year, AMD shares are still up more than 70%, signaling investor confidence in its leadership in AI computing outside of China. #AMD #Nvidia #stock 🖥️ Try Benzinga Pro FREE with a 14 day trial:...