Nvidia (NASDAQ:NVDA) criticized a potential plan for new AI chip export curbs, which could be announced soon by the outgoing Joe Biden administration, Bloomberg News reported. "We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the U.

The chip maker urged the incumbent president not to 'pre-empt' the Trump administration with a policy to tighten export controls.

The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.