The Trump administration is set to rescind Biden-era rules aimed at limiting the export of AI chips. This move is seen as a significant win for chipmakers like Nvidia and AMD, which have seen their stocks surge in response. The proposed changes are expected to ease restrictions for tech companies and potentially improve relations with Gulf countries. Reports indicate that the administration will focus on revising export controls while addressing industry pushback against perceived bureaucratic inefficiencies. Analysts speculate that these adjustments could bolster American innovation and competitiveness in the global tech market.