Nvidia is cozying up to the incoming Trump administration after criticizing a new AI framework just announced by the Biden administration. The rules are meant to keep advanced chips and AI models under the control of the United States and its allies, but the President-elect will have the final decision on whether to enforce them.

The Biden administration’s latest bid to curb China’s access to the most advanced AI models and AI chips could have a major impact on the AI boom and its enablers, most prominently chip giant Nvidia.

Nvidia stock fell Monday after the Biden administration released new rules aimed at controlling the flow of artificial intelligence to China.

In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.

Nvidia shares were up 2.1% at $136 in premarket trading. The stock fell 2% on Monday. The Biden administration on Monday outlined AI chip restrictions that would apply caps on U.S

Tech organizations and companies blasted this week's AI moves by the Biden administration, with Nvidia slamming the U.S. president's actions and comparing current government policies unfavorably with those of president-elect Donald Trump.