Advanced Micro Devices Inc. (AMD) is reportedly set to restart shipments of its MI308 AI processors to China, following a provisional green light from U.S. regulators, a move that signals a notable change in approach to high-tech trade with Beijing.

Advanced Micro Devices Inc. said that it plans to restart shipments of its MI308 chips to China after the US said it would approve the sales, following a similar decision on an Nvidia Corp. semiconductor.

AMD stock jumps over 25% in a month as AI chip sales to China resume and analysts raise price targets. Here's what’s driving the rally today.