Ray Wang: Having Nvidia and AMD pay 15% of China chip sales revenues to U.S. govt. is 'bizarre'

Big tech stocks in focus this morning. Reports say that Nvidia and AMD are going to pay 15% of China chip sales revenue to the US government in exchange for export licenses. Uh joining us right now is Ray Wang.He's Constellation Research founder and chairman. Good morning to you. You call this a payoff, a tax, a bribe.I don't there's a lot lot of lot of words that are being uh put out there. What is this. >> Use the eword.You want to >> What's the e word. >> Extortion. Oh, extortion.I didn't say it. Joe sai ...