Nvidia Stock Performance Following H200 Chip News
Nvidia (NASDAQ: NVDA) shares reached a historical high on Thursday after a Trump-Xi summit report indicated U.S. approval for Nvidia to sell H200 artificial intelligence chips to up to 10 Chinese companies. However, subsequent reports revealed that no actual sales had occurred, resulting in a 4% drop in Nvidia’s stock by 10:05 a.m. ET.
According to the Wall Street Journal, President Trump mentioned that Chinese firms opted not to purchase Nvidia’s chips, seeking to develop their own technology instead. Additionally, Chinese authorities reportedly have not authorized these companies to make the purchases, raising questions about future sales.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
