AMD and Nvidia Are Hurting; Better Check the Charts

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The Street

By Bret Kenwell AMD and Nvidia shares are getting hit right now. Here’s what to watch for. Chip stocks, particularly Advanced Micro Devices (AMD) – Get Advanced Micro Devices Inc. Report and Nvidia (NVDA) – Get NVIDIA Corporation Report, are getting crushed on Sept 1. While the broader market selloff certainly doesn’t help matters, these stocks are under pressure for a more specific reason. On Wednesday, Nvidia filed an update with the Securities and Exchange Commission. The chipmaker said the U.S. government ordered it to stop exporting artificial-intelligence components to its customers in C…

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