Nvidia (NVDA) stock is higher in Tuesday's session after President Donald Trump on Monday revoked Executive Order 14110 that was initially signed by former President Joe Biden in 2023.
The order focused on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" and created a framework for federal oversight of artificial intelligence (AI) developers.
The now-revoked mandate required AI developers to submit safety test results to the U.S. government before releasing them to the public, according to Reuters. However, in 2024, the Republican Party said it would reverse the order because it was a hindrance to innovation.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
"We will repeal Joe Biden's dangerous Executive Order that hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology," the Republican Party said. "In its place, Republicans support AI Development rooted in Free Speech and Human Flourishing."
The White House's page on Executive Order 14110 now brings up a 404 error, showing "Page Not Found."
Is Nvidia stock a buy, sell or hold?
Wall Street still sees Nvidia as one of the best stocks to buy even after its shares nearly tripled in 2024. The semiconductor stock has had a muted performance so far in 2025, up roughly 3% at last check.
According to S&P Global Market Intelligence, the average analyst target price for NVDA stock is $173.08, representing implied upside of nearly 25% to current levels. Additionally, the consensus recommendation is a Strong Buy.
Financial services firm UBS Global Research has a Buy rating on the AI stock with a $185 price target.
"NVDA has essentially treaded water since last earnings, in part due to supply chain noise and concerns around the ramp of Blackwell server racks," says UBS Global Research analyst Timothy Arcuri. "We remain confident that NVDA will deliver strong fourth-quarter results and first-quarter guidance, and investor concerns around a near-term 'air pocket' are overblown."
Nvidia will disclose its fourth-quarter results after the market closes on Wednesday, February 26.
Related Content
- Kiplinger's Earnings Calendar for This Week
- Analysts' Top S&P 500 Stocks to Buy Now
- Apple Stock Slapped With Another Sell Rating: What to Know
-
New RMD Rules: Can You Pass This Retirement Distributions Tax Quiz?Quiz Take our RMD quiz to test your retirement tax knowledge. Learn about RMD rules, IRS deadlines, and tax penalties that could shrink your savings.
-
I'm 61 and need $50,000 for home repairs. Should I borrow given today's rates or take a withdrawal from my $950,000 401(k)?We asked financial experts for advice.
-
Headed for the Retirement Red Zone? This Eight-Step Game Plan Helps to Avoid FumblesThese strategies help safeguard your nest egg and ensure long-term financial success during the five years before retirement and the five years after.
-
I'm a Financial Planner: This Is How You Can Get Started With RMDsThe IRS will come knocking for its share of your tax-deferred retirement savings when you hit 73, but planning ahead for RMDs will ensure you're ready.
-
How Will You Replace Your Paycheck in Retirement? A Financial Adviser's Tips on Income PlanningBills don't stop once you retire — and you can't expect your Social Security checks to cover them all. Don't risk running out of money. Instead, make a plan.
-
From Pets to Paintings: The Little Things That Can Cause Big Estate TroubleSentimental items might have little monetary value, but their disposition can cause hurt feelings. Talking about who wants what and labeling items can help.
-
The Clock Is Ticking: Take Advantage of These Retirement Tax Benefits While They LastRecent tax changes, including an extra $6,000 deduction for those 65 and older, present a golden opportunity for retirees to reduce their tax bills.
-
I'm a Financial Adviser: This Is Why Unmarried Same-Sex Couples Need an Estate PlanWhen illness or death occurs within an unmarried same-sex partnership, family members can step in and push the surviving partner out. An estate plan is vital.
-
Stocks Bounce But End With Big Weekly Losses: Stock Market TodayThe stock market rout continued on Friday, but a late-day burst of buying power brought the main indexes off their session lows.
-
Costco Gold Bars Keep Selling Out. Are They a Smart Investment?How Costco's bullion program works, how to get the best deal and whether it makes sense for investors.
