Biden's AI Chip Ban Sparks Tech Tussle

On January 10, 2025, Biden's administration tightened AI chip exports, targeting Nvidia and AMD’s top models like the A100 and MI300, to block China, Russia, and expand to Gulf and Southeast Asia. Nvidia’s Jensen Huang slammed the move, fearing economic fallout, while Wall Street remains bullish on Nvidia stock. Rumor has it the incoming Trump administration might renegotiate these rules. As the AI arms race heats up, global tech dynamics teeter on the edge.