NVIDIA Stock Hits Record as CEO Calls Trump China Visit ‘Most Important in Human History’
BeInCrypto
NVIDIA stock reached a record high after the U.S. government approved sales of its H200 AI chips to major Chinese companies.Summary
NVIDIA shares hit a record $236.46, pushing the company’s market cap past $5.5 trillion, following a U.S. Department of Commerce decision to allow the sale of H200 AI chips to approximately 10 Chinese firms, including Alibaba, Tencent, and ByteDance. CEO Jensen Huang praised the recent U.S.-China summit, while investors anticipate this move will revive a crucial $8 billion revenue stream that was previously stifled by export controls. While Washington has cleared the sales, the actual realization of revenue remains dependent on pending regulatory approval from Beijing.
(Source：BeInCrypto)