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Chipping away One of the buzziest sectors of the stock market faced a noticeable setback. Chip companies like Nvidia and AMD saw their share prices drop Wednesday off a report that President Joe Biden is considering further tightening China trade restrictions , writes Business Insider's Kelly Cloonan. As part of its ongoing trade war with China, the Biden administration is mulling leveraging a rule allowing it to control foreign products that use American-made tech, according to Bloomberg .
The immediate impact of such a move would be felt by foreign players like Netherland.