Shares of NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) are trading at $236 in Thursday afternoon action, up 4.5% on the session.
Here is the trade of the decade: hyperscalers are spending hundreds of billions on AI infrastructure, and almost all of that money lands on one company's income statement.
Nvidia shares keep hitting new highs.
Next week will bring a lighter economic calendar, though traders will still be watching several housing-related reports, fresh purchasing managers index (PMI) data, and the release of the Federal Reserve's latest meeting minutes.
On the eve of the Trump-Xi summit in Beijing, the United States quietly cleared roughly 10 Chinese firms, including Alibaba, Tencent, ByteDance, and JD.com, to buy NVIDIA's H200 accelerators, with Lenovo and Foxconn approved as distributors.
Nvidia CEO Jensen Huang's fortune climbed over $200 billion for the first time Thursday as shares in the chip designer rose over 4%, making him the seventh person in the world to actively have a net worth over $200 billion.
The administration first gave Nvidia the nod to sell the high-end chips to China in December, but those sales have yet to materialize, in part because of the hoops the manufacturer had to jump through.
For the past two years, the artificial intelligence boom has been shaped as much by politics as technology.
The United States has cleared roughly 10 Chinese companies to purchase Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)'s H200 artificial intelligence chips, according to a Reuters report citing people familiar with the matter. The approved firms include major technology companies such as Alibaba, Tencent, ByteDance and JD.com, the sources said.
President Trump's delegation to Beijing this week included 17 American chief executives.
Shares of Nvidia (NVDA) climbed to another record high on Thursday, extending a powerful rally fueled by optimism around artificial intelligence demand, easing restrictions on chip sales to China, and expectations of another blockbuster earnings report later this month. The stock rose by 2.6% at the market open to cross the $231 mark after closing at an all-time high of $227.16 on Wednesday.
While Nvidia's (NASDAQ: NVDA) period of stock market decline and stagnation between October 2025 and April 2026 failed to erase Wall Street bullishness, the semiconductor giant's latest resurgence gave a second wind for institutional bulls.