Nvidia CEO Jensen Huang (R) speaks alongside US President Donald Trump speaks about investing in America, on the White Home in Washington, DC, on April 30, 2025.
Jim Watson | AFP | Getty Pictures
Nvidia shares rose on Wednesday on a report that the Trump administration plans to revise a set of chip commerce restrictions referred to as the “AI diffusion” rule.
Shares of Nvidia closed 3% larger.
The rule, which was proposed within the final days of the Biden administration, organizes international locations into three completely different tiers, all of which have completely different restrictions on whether or not superior AI chips like these made by Nvidia, AMD, and Intel might be shipped to the nation with out a license.
The Trump administration plans to rescind the rule, Bloomberg reported on Wednesday. The chip restrictions had been scheduled to take impact on Might 15.
Nvidia had no remark on the reported transfer by the Trump administration.
Chipmakers together with Nvidia and AMD have been towards the rule.
AMD CEO Lisa Su informed CNBC on Wednesday that the U.S. ought to strike a steadiness between proscribing entry to chips for nationwide safety and offering entry, which will increase the American chip trade.
Nvidia CEO Jensen Huang mentioned earlier this week that being locked out of the Chinese language AI market can be a “great loss.”
Learn the complete Bloomberg story right here: Trump to Rescind World Chip Curbs Amid AI Restrictions Debate
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