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Nvidia says new chip rule ‘will derail AI progress for industries’

Nvidia headquarters in Santa Clara, California, USA

JHVEPhoto/iStock Editorial via Getty Images

Nvidia (NASDAQ:NVDA) on Monday criticized new efforts by the outgoing Joe Biden administration to restrict export of American technology.

Shares of Nvidia fell about 3% premarket on Monday.

“By restricting access to mainstream computing applications around the world, the new “AI Diffusion” rule will derail AI

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