Nvidia (NVDA) shares are inching up as of this writing following a report that President Donald Trump will soon rescind export restrictions that were slapped on AI chips by former U.S. President Joe Biden.
The “AI diffusion rule” introduced by the Biden administration was “overly complex” and will, therefore, be replaced with a “much simpler rule that ensures American AI dominance,” a federal spokesperson revealed in a recent email to Yahoo Finance.
