President Donald Trump shifts US policy and will let Nvidia sell powerful H200 chips to China. But regulators for Xi Jinping may not be fully on board.
Nvidia gains and steady US stock futures set the tone as traders await the Fed decision and key forecasts shaping the stock market outlook today.
Nvidia Corporation went from $1 billion in revenue in 2023 to $3.7 billion in 2024 to now $13 billion in annualized revenue, which is the steepest rise in tech history. NVDA's Q3 revenue grew by a solid 62.5% YoY and 22% QoQ to $57.01 billion. Revenue growth accelerated by 6.9 percentage points from 55.6% YoY growth reported in Q2. Including Networking and Q4's guidance, NVDA looks to be on track to generate $186 billion of its $500 billion opportunity in fiscal 2026.
Stock futures are holding steady as investors await the Federal Reserve's final decision of the year on interest rates; the Fed kicks off its two-day policy meeting today, weighing signs that the labor market is weakening against lingering concerns about inflation; Nvidia will be allowed to sell its H200 chips to companies in China, with 25% of revenue going to the U.S. government; the European Union is investigating Google's use of online data to train its AI models; and Home Depot shares are falling as the company issued an outlook for 2026 that came in below analysts' expectations. Here's what you need to know today.
Nvidia (NASDAQ: NVDA) is inching up in pre-market trading on Tuesday, December 9, with new NVDA price targets coming in following President Trump's approval of H200 processor shipments to select customers in China.
Ultrapure water is scarce and Big Tech needs enormous amounts of it for AI and semiconductors.
Nvidia got the green light from President Donald Trump to sell its more advanced H200 AI chip to China. But there are questions over whether Beijing will want to buy them given its drive for self-sufficiency.
Shares of NVIDIA Corp. (NASDAQ:NVDA) gained 2.08% over the past five trading sessions after gaining 0.27% the five prior.
Two Chinese men were detained for allegedly smuggling Nvidia chips to China and other restricted locations. A Houston-based company and its owner have already pleaded guilty to routing Nvidia hardware through shell buyers.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) shares rose 2.3% in after-hours trading and are set to open strongly on Tuesday after President Trump cleared the way for the chip maker to resume selling advanced artificial intelligence processors to China. The move marks a major win for Nvidia and its chief executive Jensen Huang, who has spent months pressing the White House to relax restrictions that had barred sales of the company's top-end chips to Chinese customers on national security grounds.
U.S. President Donald Trump announced Nvidia will be able to sell a more advanced H200 chip to China. Several analysts were quick to point out this move would help boost China's AI capabilities.
While it's a positive development, it's critical to realize that splits aren't an explicit buy signal, as investors should instead focus on underlying business fundamentals.