Nvidia shares were up 2.2% at $136.22 in premarket trading. The stock fell 2% on Monday. The Biden administration on Monday outlined AI chip restrictions that would apply caps on

Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy.

"Interim Final Rule" aims to limit US AI chip exports. Nvidia strongly opposes; others less critical. The Biden administration wants to pass a final rule at the end of its term of office that will further restrict access to AI hardware and AI models for some countries – above all China and Russia.

Nvidia pushed back on the Biden administration's new executive order relating to overseas sales of advanced AI chips, saying it will undermine U.S. technological leadership.

Once reticent to get involved in policy debates, Nvidia issued a sharply-worded blog post criticizing Biden's sweeping new export restrictions on AI chips and other AI technology

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.

Just a week to Trump’s inauguration the Biden administration is still making policies. The outgoing administration updated the export rule, which is designed to regulate the flow of AI to “adversaries” like China.

Nvidia blasted the Biden administration for implementing “misguided” rules limiting shipments of AI computer chips – and praised incoming President-elect Donald Trump – in a rare public broadside on Monday.