Nvidia shares were up 1.6% at $135.40 in early trading. The stock fell 2% on Monday The Biden administration on Monday outlined AI chip restrictions that would apply caps on U.S. exports to more than 120 countries beyond China, which is already subject to ...

The Biden administration’s latest bid to curb China’s access to the most advanced AI models and AI chips could have a major impact on the AI boom and its enablers, most prominently chip giant Nvidia.

The regulations, among the strongest yet from the Biden administration, limit AI chip exports to most countries except for a select group of close U.S. allies.