Momentum is building in the AI sector after reports emerged that the Trump administration plans to dismantle strict chip export rules introduced under President Biden.
The proposed reversal has reignited optimism around top semiconductor firms, with Nvidia and AMD both bouncing in response.
Nvidia, which had faced a turbulent start to the year amid U.S.-China tech tensions, appears to be regaining ground. The stock posted back-to-back gains this week after news surfaced that new rules are being drafted to simplify international chip trade.
A statement attributed to the Commerce Department suggested the current policy “chokes innovation” and will be replaced with a framework aimed at boosting U.S. leadership in artificial intelligence.
Following the announcement, Nvidia shares climbed 3% on Wednesday and kept the momentum going into Thursday, aided further by news of a fresh U.S.–UK trade agreement. The stock is now hovering around $118, with analysts eyeing potential upside.
Market watchers are split on how far Nvidia can go from here. While the median forecast from analysts points to a $160 target—a 35% gain from current levels—bullish projections go as high as $235. Even with downside risks near $100, the changing policy landscape could set the stage for a longer-term rally.
Geopolitical conflict rattles markets, but history shows panic selling crypto in response is usually the wrong move.
Bitcoin-focused investment firm Strategy Inc. (formerly MicroStrategy) is facing mounting legal pressure as at least five law firms have filed class-action lawsuits over the company’s $6 billion in unrealized Bitcoin losses.
Digital banking platform SoFi Technologies is making a strong return to the cryptocurrency space, relaunching its crypto trading and blockchain services after stepping away from the sector in late 2023.
Digital assets are gaining ground in corporate finance strategies, as more publicly traded companies embrace cryptocurrencies for treasury diversification.