On Trump’s impending inauguration, Nvidia said Monday, “we look forward to a return to policies that strengthen American leadership, bolster our economy and preserve our competitive edge in AI and beyond.

Nvidia is riding a wave of unprecedented demand for its AI chips, which have cemented its status as the world's most valuable chipmaker. But this new export policy could throw a wrench in the works, limiting growth in key markets.

The company is making an explicit appeal to the president-elect to reject tighter controls on the export of artificial-intelligence hardware.

A major semiconductor index was down on Monday after the stock of industry giants slipped following the announcement earlier in the day that the

The rules, which are set to take effect in one year, establish caps on the amount of computing power that can be sold to most countries.

Nvidia has some harsh words for the outgoing Biden administration and high praise for the upcoming Trump administration concerning AI. The Latest Tech News, Delivered to Your Inbox