By Mackenzie Hawkins
Publication Date: 2026-03-05 18:16:00
(Bloomberg) — Nvidia Corp. has long been the world’s AI kingmaker. Now, the Trump administration is considering taking a formal role in the industry that would include similarly sweeping powers.
Officials at the US Commerce Department have written draft regulations that would restrict AI chip shipments to anywhere in the world without American approval, giving Washington broad control over whether other countries can build facilities for training and running artificial-intelligence models — and under what conditions.
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The proposed rule — which could change substantially or be shelved entirely — would require companies to seek US permission for virtually all exports of AI accelerators from the likes of Nvidia and Advanced Micro Devices Inc., a global expansion of curbs that currently cover around 40 countries, according to people familiar with the matter. These chips are the most coveted components in the tech world. Companies like OpenAI and Alphabet Inc. buy them by the thousands to install in data centers that run services like ChatGPT and Gemini.
Shares of Nvidia and AMD fell to session lows on the news Thursday. Nvidia dropped as much as 1.9%, while AMD declined 2.3%.
President Donald Trump’s team has said repeatedly that they want the world to use American AI, and the Commerce Department’s draft rule isn’t meant to function as an…
