Trump administration plans to relax AI chip export restrictions, Nvidia's stock price surged by 3.1%.

Wisdom Financial APP learned that after news spread in the market that the Trump administration may relax restrictions on the export of artificial intelligence chips, Nvidia (NVDA.US) stock price surged strongly in mid-week trading and closed up 3.1%. Other semiconductor stocks also generally rose, benefiting from market expectations that this could overturn Biden administration policies.