Nvidia shares were up 1.6% at $135.40 in early trading. The stock fell 2% on Monday The Biden administration on Monday outlined AI chip restrictions that would apply caps on U.S. exports to more than 120 countries beyond China, which is already subject to ...

Nvidia is cozying up to the incoming Trump administration after criticizing a new AI framework just announced by the Biden administration. The rules are meant to keep advanced chips and AI models under the control of the United States and its allies, but the President-elect will have the final decision on whether to enforce them.

The Biden administration’s latest bid to curb China’s access to the most advanced AI models and AI chips could have a major impact on the AI boom and its enablers, most prominently chip giant Nvidia.

D.C. and Silicon Valley reassessing timetables for artificial general intelligence—and where China stands in that race

In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.

The White House on Monday announced new restrictions on artificial intelligence exports that will impact companies including Nvidia.

The White House unveiled sweeping new limits on the sale of advanced AI chips by Nvidia Corp. and its peers, leaving the Trump administration to decide how and whether to implement curbs that have encountered fierce industry opposition.

The Biden administration's proposed restrictions would cap U.S. exports to more than 120 countries. Although AAPL's AI push and growing Services business are positives, stretched valuation and China headwinds are concerning.