Nvidia shares head for record close, Wall Street shrugs off China

Nvidia Stocks increased by more than 4% on Wednesday, and for the first time since January, it was a record for the first time since January, as investors gained confidence that the leadership of the company in artificial intelligence would not be reduced by Chinese export controls.

The stock ended at $ 154.31 and on January 6, the previous closing exceeded $ 149.43.

Nvidia is now worth $ 3.77 trillion, and by gently defeating it by making it the largest company in the world with its market limit. MicrosoftOne of the main customers. Apple About 3 trillion dollars.

While NVIDIA continues to be an open leader in graphic processing units or GPUs used to create large language models and run AI workloads, the power of this year’s rally is surprising because the company says that the company is locked in the world’s second largest economy.

In April, the Trump administration issued new rules developed to meet previous restrictions on sales of the company’s H20 AI processor. Nvidia said last month, the amendment initiated by the US government would cost the company $ 8 billion and should write $ 4.5 billion in the inventory. Now, Nvidia does not trust sales from China.

“The Chinese market of $ 50 billion is effectively closed to the US industry,” NVIDIA CEO Jensen Huang said. He said.

Trump management officials said that there was another rule that previously expanded export restrictions on AI chips.

Nevertheless, in the earnings report in May, NVIDIA reported an increase of 69% in annual income supported by an increase of 73% in the data center business. According to LSEG, analysts expect an increase of 53% income to about 200 billion dollars for analysts for the full financial year.

Nvidia Annual shareholder meeting Wednesday. Huang said that robotics are the biggest growth opportunity except AI.