Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the U.S.

AMD stock up on investor optimism as US-China trade truce is extended. China calls for end of unreasonable trade curbs, while AMD forecasts growth.

The arrangement is highly unusual, as U.S. tech export controls are usually based on national security, rather than whether they can raise funds for Washington.