NVIDIA (NVDA) Stock: White House Backs Chipmaker in China Export Fight

TLDR Trump administration officials are lobbying Congress to block the GAIN AI Act that would limit Nvidia’s chip exports to China. The legislation would force chipmakers to prioritize American buyers before selling to embargoed countries. A second bill, the SAFE Act, is under development to formalize current export restrictions for 30 months. Nvidia CEO Jensen [...]

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