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 and other semiconductor stocks were rising on Thursday as the Trump administration said it plans to scrap regulations that would limit exports of artificial-intelligence chips worldwide.Nvidia shares were up 0.