NVDA
📈 Nvidia’s stock jumped following news that the Trump administration plans to rescind a rule restricting AI chip sales, potentially opening up markets like China.
🔄 The current ‘AI diffusion rule’ by the Biden administration is viewed as overly complex and hindering U.S. innovation, with a simpler replacement planned.
🌏 This policy shift could allow Nvidia to expand its AI chip sales to China and other countries, significantly boosting its market reach and revenue potential.
@bernardodegarcia:
“We also conclude right now with Nvidia shares. Yesterday they were jumping. Bernardo wrote to me, ‘Nvidia shares are jumping, up 3%.’ It’s actually up 3%, which is quite good. The truth is, yes, they have risen, well, ah, as you can see, in a somewhat aggressive manner in practically the last 15, 20 minutes of the market. And all of this is because the Trump administration was preparing to rescind the so-called AI diffusion rule, which prevented a set of controls on AI chips from entering into force later this month, May 25th, I believe, or the 15th. A spokesperson for the Department of Commerce confirmed the plan to CNBC after Bloomberg had previously reported it. ‘Biden’s AI rule is excessively complex, excessively bureaucratic, and hinders American innovation. We will replace it with a much simpler rule that boosts American innovation and ensures U.S. dominance in AI,’ stated a spokesperson for the Department of Commerce in a statement. This means that Nvidia will be able to sell its AI chips to China and effectively to other countries.”
Watch the exact part of the video where Bernardo de Garcia talks about Nvidia here:
Watch the video on YouTube
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