Shares of Nvidia which has strongly opposed the proposed rules, closed up 3.1% shortly after the report. The chip maker called the rules “misguided” after they were introduced

Key Takeaways President Donald Trump reportedly plans to repeal Biden-era chip-export curbs that were set to take effect later this month, offering a reprieve for Nvidia and other chipmakers.However,

Nvidia and other semiconductor stocks were rising on Thursday as the Trump administration said it plans to scrap regulations that would limit exports of artificial-intelligence chips worldwide.Nvidia shares were up 0.