Nvidia (NASDAQ: NVDA) has seen a resurgence in its stock price, now trading just below $150 after previously dipping below $100 earlier this year due to concerns over U.S. export controls on AI chips to China and potential import tariffs. In the latest fiscal year, Nvidia reported a record $130 billion in revenue, with strong demand from U.S. customers contributing over $61 billion, despite lingering issues in China, which comprised 13% of sales in the prior year.
The company’s gross margin exceeded 70% in recent quarters, and CEO Jensen Huang noted that Nvidia has focused on the AI market since before it became mainstream. Competition from firms like Advanced Micro Devices exists, but Nvidia’s annual innovations present challenges for rivals trying to capture market share in this expansive AI landscape.
