China needs to prep for 'some draconian activity' from Biden admin. in AI chip battle: Strategist

Chinese chip stocks are facing pressure as reports suggest the Biden administration is re-examining its position on semiconductor export restrictions. U.S. officials continue to consider the future of trade relations with China ahead of Treasury Secretary Janet Yellen's trip to China. Phil Orlando, Federated Hermes Chief Equity Strategist, lays out how geopolitical pressures could slow the rapid growth of AI-tied stocks.