China hardliners in Washington slammed the Trump administration for its decision to allow Nvidia to ship its second most advanced AI chip to China, citing fears Beijing could harness the technology to supercharge its military.
Ben Reitzes, head of technology research at Melius Research, joins CNBC's ‘Squawk on the Street' to discuss Nvidia as the semiconductor giant gets the green light from President Donald Trump to sell its more advanced H200 AI chip to China.
Here is how Nvidia (NVDA) and Appian (APPN) have performed compared to their sector so far this year.
President Donald Trump announced yesterday on Truth Social that Nvidia Corp (NASDAQ:NVDA) can ship its H200 AI chips to "approved customers," including China and other countries, as long as the U.S. receives 25% of sales.
Our multi-factor analysis indicates that it could be the right moment to divest NVDA stock. We maintain a general negative outlook on the stock, and a valuation of $133 might be within reach.
Our multi-factor analysis indicates that it could be the right moment to divest NVDA stock. We maintain a general negative outlook on the stock, and a valuation of $133 might be within reach.
Could the next Nvidia (NASDAQ:NVDA) really be hiding in plain sight on the Chinese market?
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.