U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
SoftBank Plans Record $6.3 Billion Bond Sale to Fund OpenAI Investments 
OpenAI AI Agent Swarm Behind Hugging Face Hack 
Nvidia Options Price in $280 Billion Earnings Swing 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
New Zealand Moves to Ban Social Media for Children Under 16 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
New Zealand Labour Backs Social Media Ban for Under-16s 
Unitree Shares Plunge 45% After Blockbuster IPO, Raising China Tech Bubble Fears 
Countries Tighten Social Media Bans for Children 
Add as a preferred source on Google
Nvidia (NASDAQ:NVDA) has voiced concerns over the Biden administration's reported plans to impose stricter AI chip export rules. Nvidia's Vice President, Ned Finkle, urged the administration to avoid preempting President-elect Trump’s policies, cautioning that such last-minute actions could harm the U.S. economy and benefit adversaries.
According to Reuters, the Commerce Department aims to regulate global AI chip exports to prevent misuse, particularly by nations like China. The proposed restrictions could limit the computing power exported to individual countries and block access for certain U.S. adversaries. Nvidia, however, criticized the policy as an "anti-China move" that could hinder global innovation and push the world toward alternative technologies.
Bloomberg reported the regulations may soon be finalized, sparking opposition from industry groups like the Information Technology Industry Council. Representing companies such as Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Meta (NASDAQ:META), the council warned these rules would limit U.S. firms' global competitiveness and cede markets to rivals.
The Biden administration has not commented on the plan, which Nvidia claims could tarnish its legacy. During his previous term, President Trump enacted technology restrictions on China, citing national security. With his second term beginning January 20, Nvidia suggests any significant policy changes be deferred.
Following the news, Nvidia shares dropped over 1% in extended trading Thursday.
