One effect of the change will be its likely benefits for NVIDIA; shares of the company’s stock rose 3% after the news about the AI chips export rule change was announced.

The U.S. Department of Commerce has rescinded a rule that placed limits on the number of AI chips that could be exported to certain international markets.

The Commerce Department on Monday officially rescinded the former Biden administration’s artificial intelligence diffusion rule that would have placed caps on chip sales to most countries