Nvidia Corp. criticized new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules.

Nvidia has criticized the Biden administration for upcoming new AI restrictions just a week before President-elect Donald Trump takes office. The U.S. chipmaker said the

Nvidia Corp. accuses the White House of rushing last-minute US chip export rules to damage Trump, criticizing the soon-expected new export restrictions for AI chips. According to a Bloomberg report, Ned Finkel,

Nvidia Corp.’s stock continued its rally Monday, embodying the red-hot momentum in the artificial-intelligence chip trade so far this year.

Nvidia stock was looking to find its footing on Wednesday after economic data prompted a Big Tech selloff the previous day. Nvidia stock tumbled 6.2% in the previous session, wiping out about $200 billion worth of market capitalization.

Shares in the chip designer were up 0.4% at $140.69 in premarket trading. Futures tracking the benchmark S&P 500 index were down 0.2%. Nvidia stock tumbled 6.2% in the previous se