The Trump administration plans to overhaul regulations on the export of semiconductors used in artificial intelligence, tossing out a Biden-era approach that had drawn strenuous objections from US allies and companies including Nvidia Corp.

US President Trump moves to ease AI chips export rules, letting nations like Saudi Arabia negotiate access while aiming to prevent tech diversion to China.

Nvidia returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company. Monitor these crucial chart levels.

Donald Trump kicked off his diplomatic tour of the Gulf with the announcement of a $142 billion defense deal with Saudi Arabia. The White House has hailed the deal as “the largest defence sales agreement in history.

U.S. chip company Nvidia and Saudi Arabia's sovereign wealth fund-owned AI startup Humain announced a partnership on Tuesday as part of the kingdom's plans to develop artificial intelligence and strengthen cloud computing infrastructure with the help of foreign investment.

The United States has officially scrapped the controversial AI diffusion rule that had previously limited the export of advanced artificial intelligence (AI) chips.

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Hot IPO Karman Holdings and Exelixis reported after the close.The stock market rally continued to run Tuesday as Trump tariff and AI developments have turned into clear positives.

Trump administration revamps semiconductor export regulations, replacing Biden-era approach, drawing objections from US allies and tech companies.

U.S. chip giant Nvidia and Saudi Arabia announced partnerships on Tuesday as part of the kingdom's plans to develop artificial intelligence and strengthen cloud computing infrastructure with the help of foreign investment.