Nvidia shares edged up 0.3% on Thursday, according to Investor's Business Daily. The jump came after the Trump administration announced plans to revoke the Biden-era "AI diffusion rule," which was set to impose new limits on U.S. AI chip exports. The move lifted sentiment across the semiconductor sector, with Broadcom rising 1.5% and AMD gaining 1.3%. Nvidia praised the policy reversal, calling it a "once-in-a-generation opportunity" to boost U.S. innovation and job growth. Analysts at Wedbush and Deutsche Bank noted the decision could temporarily ease restrictions but warned that future rules may be even stricter. The Commerce Department is expected to introduce a new regulatory framework.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA shares edged up 0.3% on Thursday, according to Investor's Business Daily.
00:06Jump came after the Trump administration announced plans to revoke the Biden-era AI
00:10diffusion rule, which was set to impose new limits on U.S. AI chip exports,
00:15move listed sentiment across the semiconductor sector, with Broadcom rising 1.5% and AMD
00:20gaining 1.3%. NVIDIA praised the policy reversal, calling it a once-in-a-generation opportunity
00:26to boost U.S. innovation and job growth. Analysts at Wedbush and Deutsche Bank
00:30noted the decision could temporarily ease restrictions, but warned that future rules
00:34may be even stricter. The Commerce Department is expected to introduce a new regulatory framework.
00:38For all things money, visit Benzinga.com slash GSTV.