Nvidia(US:NVDA) 美股IPO·2025-12-04 00:55Core Viewpoint - Nvidia's lobbying efforts have successfully led to the exclusion of the GAIN AI Act from the annual National Defense Authorization Act (NDAA), which aimed to restrict the sale of advanced AI chips to certain overseas markets, indicating a significant victory for the company and the semiconductor industry [1][3][4] Group 1: Legislative Developments - The GAIN AI Act, which would have required chip manufacturers like Nvidia and AMD to prioritize U.S. customer demands before exporting to restricted countries, is not included in the NDAA's final text [3][12] - Nvidia's CEO Jensen Huang described the decision to exclude the GAIN AI Act from the NDAA as "wise," emphasizing the potential dangers the act posed to the U.S. [4][6] - The White House played a crucial role in this legislative battle, with key officials pressuring Congress to exclude the GAIN AI Act, reflecting a cautious approach towards tightening AI chip export policies [11] Group 2: Industry Implications - The shelving of the GAIN AI Act marks the end of a fierce lobbying battle over AI technology export controls, which is seen as a positive signal for the semiconductor industry [7] - Supporters of the GAIN AI Act included lawmakers with strong national security stances, while opponents, including Nvidia, argued that such restrictions could stifle global competition and harm U.S. market positions [8][9] - Nvidia contended that the GAIN AI Act was unnecessary, asserting that the company would not sacrifice U.S. customer supply and that restrictive trade policies would hinder innovation [10] Group 3: Market Reactions - The failure of the GAIN AI Act to make it into the NDAA is viewed as good news for Nvidia and other semiconductor companies, alleviating market concerns about new export controls disrupting global revenue streams [13]