In a significant policy shift, the Trump administration plans to overturn regulations that limited the export of AI chips, particularly impacting companies like Nvidia. Reports indicate that these changes aim to relax export curbs on certain Gulf countries, including the UAE, potentially benefiting tech firms and boosting stock prices. The anticipated overhaul has triggered a surge in stock prices for Nvidia and other technology companies as they prepare for a more favorable trade environment. The Commerce Department has confirmed that Biden-era rules are set to be rescinded, which could lead to a new framework for AI chip exports amidst ongoing discussions about AI and global trade dynamics.