Nvidia, AMD And Other Chip Stocks Gain As Trump Plans To Ease AI Chip Export Rules

Nvidia Corp (NVDA) and Advanced Micro Devices (AMD) stocks rise after Trump plans to repeal Biden's AI restrictions. Huawei faces penalties for violating US sanctions, while US seeks individual deals with countries. Trump's government blacklisted Huawei in 2019 and Biden imposed semiconductor sanctions. Trump showcases Saudi Arabia's $600B investment commitment, including deals with Amazon, Oracle, and AMD. NVDA up 2.96%, AMD up 3.25% premarket. Can Corning-Broadcom deal transform AI's data center future?