Nvidia criticizes Biden's AI chip restrictions and supports Trump administration policies

Nvidia has criticized new AI chip restrictions announced by the Biden administration, which aim to keep advanced technology under U.S. control. The rules would limit AI chip exports and require special agreements for sales to certain countries. The restrictions target nations like China and Russia, which already face semiconductor trade limits. Nvidia, holding a 90% share of AI chips, argues these rules could hinder global innovation and economic growth. Nvidia has expressed support for the incoming Trump administration, suggesting a return to policies that foster U.S. competitiveness in AI. The company claims the new regulations could weaken America's leadership in the technology sector.