Nvidia Corp (NASDAQ:NVDA) stock is up Friday amid reports indicating the U.S.government is set to announce further sanctions on exporting semiconductor equipment and AI memory chips to China, which will be less stringent than the previous ones.Additionally, the U.S.embargo will focus on Chinese companies that make semiconductor manufacturing equipment instead of the fabrication facilities following protests from Lam Research Corp (NASDAQ:LRCX), Applied Materials Inc (NASDAQ:AMAT), and KLA Corp (NASDAQ:KLAC) as the move will enable the U.S.companies to maintain their edge versus international rivals like ASML Holding N.V.(NASDAQ:ASML) and Tokyo Electron Ltd (OTC:TOELY) which have not wholly subscribed to the U.S.sanctions against China.
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