Nvidia pushed back on the Biden administration's new executive order relating to overseas sales of advanced AI chips, saying it will undermine U.S. technological leadership.

Just a week to Trump’s inauguration the Biden administration is still making policies. The outgoing administration updated the export rule, which is designed to regulate the flow of AI to “adversaries” like China.

Nvidia (NVDA) on Monday quickly slammed newly released Biden administration rules to regulate chip sales to foreign countries.

Nvidia still carries the stock-boosting power, but its strength may be waning as some investors wonder how long it will last.

Superior hardware and AI-graphics processing unit (GPU) scarcity has led Nvidia stock to an 830% cumulative gain since the start of 2023. However, investors have consistently overestimated the adoption and/or utility of next-big-thing innovations for the last three decades.