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Nvidia's valuation is bounding to a new record high today following announcements that the Trump administration will allow the company to ship its H20 processors to China. The company also said that it has designed a separate, less powerful processor that meets all current regulatory requirements for sale in the country.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.
Nvidia investors have been concerned about the loss of sales to an important market. The company announced it would resume AI chip sales to China after a pending approval from the Trump administration.
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Stocktwits on MSNElizabeth Warren Slams Nvidia, Trump Administration Over Resumed H20 Chip Sales To ChinaSenator Elizabeth Warren called out the Trump administration on Wednesday for allowing Nvidia Corp. (NVDA) to resume selling its H20 AI chips to China, just months after banning them. “We should be advancing American tech dominance and national security,
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
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Could Nvidia Stock Soar If Donald Trump Wins in November? - MSNThere's no guarantee that its stock would flourish in a second Trump Administration. Nvidia's share price may rise significantly regardless of which party holds the White House.
Nvidia stock fluctuated Thursday as the Trump administration said it plans to repeal AI chip export restrictions put into place under former President Biden.The AI chipmaking giant's stock had ...
There are many ways that policies implemented in a second Trump administration could impact Nvidia. Let's look at four of Trump's proposals that could be especially relevant. First, the former ...