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Trump Said to Lift Chip Export Bans; Nvidia Swells 3% to Lead Gains
08 May 2025 04:13
The Trump administration plans to rescind Biden-era AI chip restrictions, which are slated to take effect on May 15, Bloomberg, citing sources, reported. The news spurred chip stocks, with Nvidia (NVDA.US) surging over 3% at close, while AMD (AMD.US) and Intel (INTC.US) each leaped nearly 2%.

The Biden administration’s rule, introduced in its final days of governance, divided countries into three tiers, each with varying restrictions on whether advanced AI chips from companies like Nvidia, AMD, and Intel could be exported without a license.
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SG Top Picks
Stock & Type Code Strike(Call Level) Last Effective Gearing
Nvidia (C) 10537 165 (-) 0.044 9.3 X
Nvidia (C) 10573 150 (-) 0.191 4.9 X
Nvidia (C) 10615 135 (-) 0.325 3.8 X
Nvidia (P) 10538 116 (-) 0.086 5.7 X
Nvidia (P) 10581 95 (-) 0.074 3.9 X
AMD (C) 10572 130 (-) 0.241 3.8 X
AMD (P) 10450 118.5 (-) 0.147 5.9 X

 

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