The chip maker urged the incumbent president not to 'pre-empt' the Trump administration with a policy to tighten export controls.

Nvidia is riding a wave of unprecedented demand for its AI chips, which have cemented its status as the world's most valuable chipmaker. But this new export policy could throw a wrench in the works, limiting growth in key markets.

In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.