Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, on the White House in Washington, on April 30, 2025.
Jim Watson | AFP | Getty Images
Nvidia shares rose Wednesday on a report that the Trump administration plans to revise a set of chip trade restrictions called the “AI diffusion” rule.
Shares of Nvidia closed 3% higher.
The rule, which was proposed within the last days of the Biden administration, organizes countries into three different tiers, all of which have different restrictions on whether advanced AI chips comparable to those made by Nvidia, AMD and Intel may be shipped to the country with no license.
The Trump administration plans to rescind the rule, Bloomberg reported Wednesday. The chip restrictions were scheduled to take effect on May 15.
Nvidia declined to comment on the reported move by the Trump administration.
Chipmakers including Nvidia and AMD have been against the rule.
AMD CEO Lisa Su told CNBC on Wednesday that the U.S. should strike a balance between restricting access to chips for national security and providing access, which can boost the American chip industry.
Nvidia CEO Jensen Huang said earlier this week that being locked out of the Chinese AI market could be a “tremendous loss.”
Read the total Bloomberg story here: Trump to Rescind Global Chip Curbs Amid AI Restrictions Debate
