To The Moon

Nvidia stock was falling early Monday as the chip maker pushed back against a last-minute rush by the Biden administration to issue new regulations over artificial-intelligence technology. The company is making an explicit appeal to President-elect Donald Trump to reject such policies.While Nvidia's most advanced AI chips are already subject to a series of export controls -- concerning China, particularly -- it fears even more restrictive conditions."In its last days in office, the Biden Administration seeks to undermine America's leadership with a 200+ page regulatory morass, drafted in secret and without proper legislative review. This sweeping overreach would impose bureaucratic control over how America's leading semiconductors, computers, systems, and even software are designed and marketed globally," said Ned Finkle, Nvidia's vice president of government affairs, in a statement.Nvidia also looks to be hoping that Trump will prevent the implementation of stricter chip-export curbs.