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CNBC's Eunice Yoon joins 'Squawk Box' to report on the latest news from Beijing.
Nvidia pushed back Sunday in response to allegations from Chinese state media that its H20 artificial intelligence chips are a national security risk for China.
In the closing of the recent trading day, Nvidia (NVDA) stood at $182.74, denoting a +1.09% move from the preceding trading day.
Nvidia (NASDAQ: NVDA) remains the centerpiece of Wall Street's AI trade, and analysts see little reason for that to change heading into the company's fiscal Q2 earnings on August 27.
Nvidia remains a strong buy despite Trump's 100% semiconductor tariff threat, as TSMC's massive U.S. investments likely exempt Nvidia from penalties. Market overreactions to tariff news present buying opportunities; Nvidia's U.S. manufacturing partnerships and negotiating strength mitigate geopolitical risks. Nvidia's technological lead and dominant data center revenue justify its premium valuation and continued accumulation in my portfolio.
The market is still underestimating how large and far-reaching the artificial intelligence boom will be, analysts at Wedbush believe. The analysts reiterated their bullish stance on the sector, highlighting strong earnings from major tech names and growing enterprise adoption of AI.
Trump vowed to impose roughly 100% tariffs on semiconductors unless companies build in the U.S. Is it the latest installment of the “TACO” trade?
Nvidia Corporation is poised for a strong Q2 earnings report, driven by resumed H20 chip shipments to China and robust global demand for AI accelerators. Major deals with international governments and businesses, plus strong partner results, reinforce expectations of continued outperformance and revenue growth. My updated DCF model shows Nvidia remains undervalued, with a fair value of $195.54 per share, reflecting higher revenue assumptions post-China ban lift.
US authorities have charged two Chinese nationals with illegally exporting high-end AI chips to China without the necessary licences. The Department of Justice said Chuan Geng and Shiwei Yang, linked to California-based ALX Solutions, coordinated shipments of advanced Nvidia graphics chips, including the restricted H100 and RTX 4090 models, over the past three years.
DOJ said the defendants illegally exported millions of dollars' worth of advanced chips and other technology to China from October 2022 through July 2025. The illicit shipments included Nvidia's advanced H100 general processing units, according to Reuters, which are the U.S. chipmaker's most advanced chips used in artificial intelligence allocations.
Nvidia rejected Chinese accusations that its data center GPUs for AI include a hardware function that could remotely deactivate the chips, which is commonly called a "kill switch." "NVIDIA GPUs do not and should not have kill switches and backdoors," wrote Nvidia's chief security officer.