Nvidia's Hopes in China Rekindled
Expectations of Nvidia resuming AI chip sales to China have lifted its shares to record highs, following CEO's confidence in a potential Trump deal.
At the GPU Technology Conference in Washington, CEO Huang expressed "100 per cent confidence in President Trump's ability to cut a great deal for America". He added:
"If it comes back … if President Trump were able to negotiate, or if China would like us to come back, it's going to be a huge bonus for us."
- Shares rose over 3% in pre-market trading.
- The company is on track to reach a record $5 trillion valuation.
Author's summary: Nvidia's shares soar amid hopes of resumed China sales.
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