Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares extended yesterday’s gains in Thursday’s early trading, with investors spurred on by confirmation from the Trump administration of its intention to revoke a Biden-era limit on the export of advanced AI chips.
The current framework, known as the AI diffusion rule, was finalised in January and is due to take effect on 15 May.
That rule set creates a three-tiered system governing how many chips countries can import, with nations such as China on the lowest tier, faced with full export restrictions.
A spokesperson for Trump’s Department of Commerce said the plan is to replace the Biden rules with a simpler rule that “unleashes American innovation and ensures American AI dominance.”
According to reports, it is expected to see a global licensing system based on country-level agreements.
It comes as the United States is increasingly expected to finalise country-by-country trade deals, and ahead of anticipated trade talks with Chinese officials this weekend.
In New York, Nvidia stock was up 1.43% to $118.73 in Thursday’s early transactions, adding to a 3.1% gain marked in Wednesday’s session.