Trump to Rescind Biden-Era Global Chip Curbs Amid AI Debate, Boosting Nvidia Stock

President Donald Trump is set to rescind global chip curbs amid ongoing debates over AI restrictions, according to multiple sources. This move comes as part of a broader policy shift that includes the planned repeal of a Biden-era AI diffusion rule. The decision to lift the chip export restrictions has been influenced by objections from Nvidia Corp., which has actively lobbied the U.S. government for a reversal of these rules. Nvidia's stock, $NVDA, surged following the announcement, reflecting market optimism about the policy change. This development was reported by Bloomberg. Additionally, Trump has indicated a potential easing of chip policy towards the Persian Gulf, suggesting a nuanced approach to international trade relations in the tech sector. A US Commerce Spokesperson confirmed the Trump administration's decision to rescind the Biden-era AI diffusion rule.