Nvidia shares edged up 0.3% on Thursday, according to Investor's Business Daily. The jump came after the Trump administration announced plans to revoke the Biden-era "AI diffusion rule," which was set to impose new limits on U.

Shares of Nvidia which has strongly opposed the proposed rules, closed up 3.1% shortly after the report. The chip maker called the rules “misguided” after they were introduced

Nvidia shares rose on a report that the Trump administration plans to revise a set of chip trade restrictions called the "AI diffusion" rule. The chip restrictions were scheduled to take effect on May 15.