One effect of the change will be its likely benefits for NVIDIA; shares of the company’s stock rose 3% after the news about the AI chips export rule change was announced.

The Trump administration plans to scrap the Biden-era AI Diffusion Rule that restricted AI chip exports to most countries, replacing it with a simpler, negotiation-driven policy that maintains tough controls on China but opens doors for bilateral deals.

Take Nvidia Corporation, whose stock price skyrocketed after reports came out that the Trump administration would remove restrictions on exporting advanced AI chips. Not surprisingly, investors responded favorably,

Shares of Nvidia which has strongly opposed the proposed rules, closed up 3.1% shortly after the report. The chip maker called the rules “misguided” after they were introduced

The Trump administration is evaluating potential changes to a Biden-era rule that restricts global access to advanced AI chips, reported Reuters citing three sources. The current rule, known as the Framework for Artificial Intelligence Diffusion,

The regulation known as the Framework for Artificial Intelligence Diffusion, introduced during the final days of the Biden administration, was designed to limit the global diffusion of advanced computing power,

U.S. President Donald Trump's administration plans to rescind Biden-era curbs on the export of advanced artificial intelligence chips, a spokesperson for the U.S. Department of Commerce said on Wednesday.

The Trump administration plans to revise a Biden-era regulation on AI chip exports, deeming it overly complex and a hindrance to American innovation. The proposed changes aim to simplify the rules, potentially replacing the tiered system with a global licensing regime.

The Commerce Department said it doesn’t intend to implement AI processor restrictions drawn up under the Biden administration.