Nvidia shares rose Wednesday after the Trump administration confirmed plans to rescind the Biden-era “AI diffusion rule,” according to CNBC. The proposed rule would have classified countries into three tiers, each with varying restrictions on the export of advanced AI chips. These restrictions determine whether chipmakers can ship chips without a license. A Department of Commerce spokesperson said the Biden-era AI rule would be replaced with a simpler version to promote innovation and secure U.S. dominance in artificial intelligence. CEO Jensen Huang said losing access to the Chinese AI market would be a “tremendous loss” for the company.
