President Donald Trump on Monday took his first step easing regulations on artificial intelligence, in a move impacting Alphabet's Google and other technology giants. Trump canceled the Biden administration's 2023 executive order that required companies developing advanced AI models to share information with the U.S. government.
On the stock market today, Google stock rose 1.3% to 198.55.
Biden's executive order required companies to provide data about the safety and security of their AI systems. Startups OpenAI and Anthropic are racing Google, Meta Platforms and other tech companies to develop more powerful large language models.
Large language models, or LLMs, require massive amounts of data to be trained. They allow users to interact with AI systems without the need to write algorithms.
Meanwhile, it remains to be seen whether President Trump follows through on Biden's new chip export restrictions targeting China. The global AI chip control system gives priority to 20 U.S.-friendly countries and limits the computer processing power available to other countries.
The rules restrict where AI processors can be sold and in what quantities.
Google Stock: Technical Ratings
AI chipmaker Nvidia opposes the export rules. In a blog post, Nvidia called the new restrictions "misguided."
In his last days as President, Biden also issued an executive order directing the Department of Defense and the Department of Energy to lease federal sites where the private sector can build large-scale AI data center infrastructure.
Further, Trump has named former PayPal Holdings executive and Silicon Valley venture capitalist David Sacks as his artificial intelligence and cryptocurrency czar. Further, Sacks is an associate of Teslaand SpaceX founder Elon Musk, who has emerged as a key advisor to Trump.
Google stock has gained 3.5% in 2025. Shares jumped 37% last year. GOOGL stock has five-weeks-tight pattern with a 201.42 buy point that could turn into a flat base after this week.
Also, Google stock holds an Accumulation/Distribution Rating of B+. That institutional ownership rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Further, shares hold an IBD Composite Rating of 99 out of a best possible 99. IBD's Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock's strengths.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
