Nvidia shares were up 1.6% at $135.40 in early trading. The stock fell 2% on Monday The Biden administration on Monday outlined AI chip restrictions that would apply caps on U.S. exports to more than 120 countries beyond China, which is already subject to ...

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

The White House on Monday announced new restrictions on artificial intelligence exports that will impact companies including Nvidia.

The White House unveiled sweeping new limits on the sale of advanced AI chips by Nvidia Corp. and its peers, leaving the Trump administration to decide how and whether to implement curbs that have encountered fierce industry opposition.

The Biden administration's proposed restrictions would cap U.S. exports to more than 120 countries. Although AAPL's AI push and growing Services business are positives, stretched valuation and China headwinds are concerning.