"We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the US economy, set America back, and play into the hands of US adversaries," Nvidia VP Ned Finkle tells Reuters on Friday.

President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.

Nvidia and Broadcom both soared in the triple digits last year. The two stocks also are well positioned to benefit from the next stages of AI development. And the good news for investors is the AI momentum is likely to continue since this technology still is in the early days of its growth story.

This was the most anticipated moment of the Nvidia event, but not the only big announcement. The AI computing company integral to the rise of generative AI had many more cards to

Jensen Huang is already styled as a rock star, and his keynote in Las Vegas this week was an extravaganza of Nvidia’s next set of greatest hits, writes ARTHUR GOLDSTUCK.