2 Outperforming Chip Stocks With Minimal China Exposure

Tensions between the two largest economies of the world - the U.S. and China - have been steadily on the rise in recent years. Frequent barbs have been exchanged between the two superpowers on issues ranging from trade to Taiwan and other hot-button issues. Now, the latest battlefield seems to be artificial intelligence (AI), as the U.S. Commerce Department this week clamped down further on its restrictions for chip exports to China. 

With the U.S. taking deeper aim at the lucrative semiconductor industry in its latest trade war escalation, major chip stocks with outsized revenue exposure to China have been hit hard - and particularly AI chip giant Nvidia (NVDA), which is off 10% for the week.