The attack from Trump came after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over the CEO's investments.

Days after President Trump urged him to resign, Intel CEO Lip-Bu Tan met with the president in a bid to ease tensions and secure his future at the company.

Nvidia had to write off $4.5 billion due to the ban in Q1, with an additional $8 billion hit expected in Q2, while AMD reported an $800 million loss in Q2.