Shares of Nvidia, the leading maker of AI chips, dipped more than 1% in late trading after Bloomberg reported on the plan. They had been up 4.3% this year through the close, following stratospheric gains in 2023 and 2024 that turned the company into the world’s most valuable chipmaker.

Exactly what does this new directive really do when it comes to AI chips? I mean, this is another way of kind of slicing the cake and creating more restrictions. What has happened up until now has been,