Advanced Micro Devices (AMD) and Nvidia (NVDA) stocks took a beating on Friday after the U.S. Senate passed a bill that would limit the amount of artificial intelligence (AI) chips the chipmakers can export to China. However, it’s unclear if this bill will become law.
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There are several government entities that have weighed in on AMD and Nvidia’s AI chip exports. For example, President Donald Trump reached an agreement earlier this year that eased restrictions on chip exports. If this new bill goes against that, it could be vetoed once it makes it to the Oval Office. Additionally, the House of Representatives has been working on their own version of a bill that is tied to this, though it lacks the export restrictions.
All of this is to say that the future of AMD and Nvidia’s AI chip exports to China is unclear. With the trade war still underway, and President Trump’s push to return manufacturing to the U.S., the Senate’s new bill could change the landscape.
AMD & Nvidia Stock Movements Today
What is clear about the Senate’s new bill is that investors don’t like it. AMD stock suffered the larger drop today with a 5.46% decline as of this writing. At that same time, shares of Nvidia experienced a much smaller 1.83% slip. Even so, AMD shares were still up 82.5% year-to-date and 38.72% over the past 12 months. NVDA stock has increased 40.85% since the start of 2025 and 42.86% over the past year.
AMD vs. NVDA: Which Stock Do Analysts Prefer?
Turning to the TipRanks stock comparison tool, traders can see which stock analysts favor. Nvidia has the better consensus rating at Strong Buy, compared to a Moderate Buy rating for AMD. NVDA stock also has the higher upside potential at 16.19%, with AMD’s upside potential roughly half of that at 7.98%.
