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Trump wants to amend AI Chip export controls? The U.S. Department of Commerce: Simplifying the 'Biden rules' is beneficial for innovation!
① A spokesperson for the USA Department of Commerce stated that President Trump plans to lift the restrictions on the export of advanced AI Chips instituted during the Biden administration, claiming that Biden's rules are overly complex and will hinder innovation in the USA; ② In January of this year, Biden released the "AI Diffusion Export Control Framework," establishing a "three-tier licensing system" for AI Chips, which limits the amount of advanced AI Chips accessible to various countries and regions.
NVIDIA's stock price soars! Trump may overturn Biden's AI Chip restrictions, are orders from the Middle East coming?
The Trump administration has announced plans to lift the restrictive policies on AI Chip exports implemented during the Biden era and is considering relaxing chip exports to the Middle East, causing NVIDIA's stock price to rise significantly!
Express News | NVIDIA stated that it welcomes the leadership and new direction of AI policy from the Trump administration.
Express News | Nvidia - Welcome the Trump Administration’s Leadership and New Direction on AI Policy
Trump plans to abolish Biden's AI ban, but still has some tough measures in place!
The Trump administration plans to eliminate the complex AI Chip export control system established during the Biden era, aiming to create a more simplified export policy, with new regulations set to be released, potentially easing restrictions in Southeast Asia and the Middle East markets.
Top 20 Transaction Amount | Google fell over 7%, facing challenges to its dominant position in the browser market; HIMS rose nearly 6%, up 25% in the last two days.
On Wednesday, NVIDIA topped the U.S. stock market with a trading volume of $23.791 billion, closing up by 3.1%. Tesla ranked second with a trading volume of $19.713 billion, closing up by 0.32%.