According to The Kobeissi Letter, Nvidia stock ($NVDA) sharply surged after news broke that President Trump is preparing to lift Biden-era chip export restrictions (source: @KobeissiLetter, May 7, 2025). This development is expected to boost Nvidia's global chip sales, directly benefiting crypto miners and AI sector participants who rely on Nvidia GPUs for high-performance computing (source: @KobeissiLetter). Traders should monitor NVDA price action and note the potential for increased crypto mining capacity, which could impact the supply dynamics of cryptocurrencies like Bitcoin and Ethereum.