Nvidia Slams Biden for Trying to ‘Preempt’ Trump With Policy
Published On Jan 9, 2025, 9:34 PM
Nvidia Corp. has voiced strong criticism against the Biden administration's upcoming chip export restrictions, alleging that these new rules are an attempt to undermine the incoming Trump administration. The proposed restrictions would limit the sale of US-made AI chips to many countries, a move that Nvidia argues could hinder technological advancement and negatively impact the US economy. Nvidia’s leadership suggests that these restrictions may inadvertently encourage global markets to pursue alternative technologies. The CEO of Nvidia expressed readiness to work with Trump to ensure the company's success in a less regulated environment, following a significant surge in the company's value driven by AI demand.
Stock Forecasts
NVDA
Positive
Given Nvidia's strong position in AI technology and its historical performance, the controversy surrounding chip export restrictions could create short-term volatility. However, if Trump’s administration rolls back such regulations, it could lead to a positive outlook for Nvidia’s growth in the AI sector, especially if the company can maintain its competitive edge and expand its market.
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