Nvidia Corp. criticized new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules.

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.

Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy.