Nvidia Gains As Trump Moves To Revoke AI Export Rule, Lifting Chip Stocks

Nvidia shares edged up 0.3% on Thursday, according to Investor's Business Daily. The jump came after the Trump administration announced plans to revoke the Biden-era "AI diffusion rule," which was set to impose new limits on U.S. AI chip exports. The move lifted sentiment across the semiconductor sector, with Broadcom rising 1.5% and AMD gaining 1.3%. Nvidia praised the policy reversal, calling it a "once-in-a-generation opportunity" to boost U.S. innovation and job growth. Analysts at Wedbush and Deutsche Bank noted the decision could temporarily ease restrictions but warned that future rules may be even stricter. The Commerce Department is expected to introduce a new regulatory framework.