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 edged up 0.3% on Thursday, according to Investor's Business Daily. The jump came after the Trump administration announced plans to revoke the Biden-era "AI diffusion rule," which was set to impose new limits on U.

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.