Nvidia shares rose on a report that the Trump administration plans to revise a set of chip trade restrictions called the "AI diffusion" rule. The chip restrictions were scheduled to take effect on May 15.

Shares of Nvidia Corp. climbed toward the end of trading Wednesday after a report that the Trump administration is not planning to implement artificial-intelligence rules controlling chips shipments that was introduced by the Biden administration.

A U.S. lawmaker plans to introduce legislation in coming weeks to verify the location of artificial-intelligence chips like those made by Nvidia after they are sold.

A US lawmaker is cracking down on Nvidia chip smuggling with a bill that allows regulators to track where the chips end up. The post New Bipartisan Bill Takes Aim at Nvidia Chip Smuggling appeared first on Tech.

Nvidia (NASDAQ: NVDA) is expected to face increased regulatory scrutiny under a forthcoming U.S. bill that would enhance tracking of its artificial intelligence (AI) chips after they are sold, according to a report