It is reported that the Trump administration plans to relax AI chip export restrictions, and NVIDIA's stock price surged by 3.1%

Zhitong
2025.05.07 22:20
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The Trump administration is considering easing restrictions on AI chip exports, leading to a 3.1% increase in NVIDIA's stock price. This news boosted semiconductor stocks, with AMD also rising 1.76% due to better-than-expected earnings. However, AMD warned that export controls could result in a revenue loss of $1.5 billion. NVIDIA anticipates a revenue impact of $10 billion, with the CEO noting that demand for AI chips in the Chinese market will reach $50 billion. Advanced Micro Devices reported strong earnings but has a bleak outlook for the future, with its stock price falling 1.4%

According to the Zhitong Finance APP, after news emerged in the market that the Trump administration might relax restrictions on the export of artificial intelligence chips, NVIDIA (NVDA.US) saw a strong surge in its stock price on Wednesday, closing up 3.1%. Other semiconductor stocks also generally rose, benefiting from market expectations that this could disrupt Biden administration policies.

According to foreign media citing informed sources, the Trump administration is considering rescinding the planned AI chip export ban, which would significantly impact the overseas business layouts of related companies such as NVIDIA, Super Micro Computer (SMCI.US), and Advanced Micro Devices (AMD.US).

Demand for AI chips remains high, as evidenced by the latest financial reports from several chip companies. AMD's financial report released on Tuesday showed that its earnings exceeded expectations, while its revenue guidance for the second quarter also surpassed market expectations, reflecting strong growth in the AI chip sector. Boosted by this, AMD's stock price rose 1.76% on Wednesday.

However, AMD also warned that U.S. government export controls are expected to result in a revenue loss of up to $1.5 billion for the year, highlighting the significant risks that export restrictions pose to the chip industry.

NVIDIA previously disclosed that due to new licensing requirements for its H20 chips aimed at the Chinese market, its first-quarter financial report will include approximately $5.5 billion in inventory and procurement commitment-related costs. Jefferies analysts estimate that this could impact its revenue by about $10 billion. NVIDIA CEO Jensen Huang pointed out at the Milken Institute annual conference on Tuesday that demand for AI chips in the Chinese market is expected to reach $50 billion in the coming years.

Another AI server manufacturer, Super Micro Computer, reported its earnings on Tuesday, with revenue and profits at the high end of its guidance range, but the outlook for the current quarter was disappointing. The company stated that some customers have delayed purchasing decisions due to NVIDIA's transition from the old Hopper product line to the new Blackwell product line.

During the conference call, Super Micro Computer's Liang Jianhou told analysts, "We remain confident in our mid- to long-term growth, especially as demand for the Blackwell product line is very strong." Affected by the weak guidance, Super Micro Computer's stock price fell 1.4% on Wednesday

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