Take Nvidia Corporation, whose stock price skyrocketed after reports came out that the Trump administration would remove restrictions on exporting advanced AI chips. Not surprisingly, investors responded favorably,

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.