U.S. Looks to Close Loopholes Allowing Chinese Firms to Obtain Advanced AI Chips

U.S. imposed restrictions last year on exporting AI chips and tools to China citing national security

Chinese firms still get those chips via overseas units, a loophole Biden admin aims to close

Details unclear but U.S. wants to limit China's access to advanced tech for AI and military

In August, U.S. expanded chip export curbs on Nvidia and AMD to some Middle East nations

Wall Street bullish on Nvidia and AMD; both get "Perfect 10" score per TipRanks