From Yahoo Finance: 2025-05-21 17:33:00

Nvidia’s CEO Jensen Huang made a strong statement on tech policy, focusing on AI regulations. President Biden’s AI diffusion rule faced backlash from tech leaders, impacting U.S. AI dominance. Huang’s advocacy led to the rule being rescinded, benefiting Nvidia and other tech companies.

Huang emphasized the risks of U.S.-China chip curbs on Nvidia’s market share. With the AI diffusion rule lifted, Nvidia can compete with Huawei’s new chip. Wall Street remains optimistic, with Loop Capital Markets reiterating a Buy rating on NVDA stock and a $175 price target.

The lifting of chip sales restrictions is a bullish sign for AI stocks, indicating less regulation. This development sets the stage for companies like Nvidia to maintain dominance in the AI market. The future looks bright for tech companies in the wake of these policy changes.

Read more: Nvidia CEO shares blunt message on China chip sales ban