The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.

Shares of Nvidia, the leading maker of AI chips, dipped more than 1% in late trading after Bloomberg reported on the plan. They had been up 4.3% this year through the close, following stratospheric gains in 2023 and 2024 that turned the company into the world’s most valuable chipmaker.

Exactly what does this new directive really do when it comes to AI chips? I mean, this is another way of kind of slicing the cake and creating more restrictions. What has happened up until now has been,

A wide-ranging product presentation by chief executive Jensen Huang failed to propel the artificial intelligence chipmaker to new heights.

Nvidia Corp. shares slid on Tuesday after a wide-ranging product presentation by Chief Executive Officer Jensen Huang failed to propel the artificial intelligence chipmaker to new heights.

Key Takeaways Nvidia CEO Jensen Huang kicked off this year’s CES consumer electronics trade show with a keynote address Monday that included a flurry of artificial intelligence (AI) tech announcements.