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 stock fell Monday after the Biden administration released new rules aimed at controlling the flow of artificial intelligence to China.

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.

New rule threatens to squander America's hard-won technological advantage' says GPU supremo Nvidia has hit back at the outgoing Biden administration's AI chip tech export restrictions designed to tighten America's stranglehold on supply chains and maintain market dominance.

The U.S. government said it would further restrict artificial intelligence chip and technology exports to try to block China's access, sending shares of some chipmakers lower on Monday (January 13). Alex Cohen has more.

Nvidia (NASDAQ:NVDA) on Monday criticized new efforts by the outgoing Joe Biden administration to restrict export of American technology. Shares of Nvidia fell about 3% premarket on Monday. "By restricting access to mainstream computing applications around the world,