Nvidia (NVDA) shares hovered near their all-time highs Friday after setting a string of records earlier this week on optimism about the artificial intelligence trade.
Shares in Qualcomm, which is based in San Diego, Calif., fell 1.3% Friday morning after Chinese regulators opened an antitrust probe into the company's acquisition of Autotalks.
Nvidia (NASDAQ: NVDA) continues to gain momentum as the core driver of the global artificial intelligence (AI) infrastructure boom.
Shares appeared to be shaking off a report that said China was stepping up its crackdown on imports of U.S. semiconductors.
China has stepped up the enforcement of its controls on chip imports, as Beijing seeks to wean the country's technology companies away from U.S. products such as Nvidia's artificial intelligence processors, the Financial Times reported on Friday.
The AI infrastructure build-out is still in its early stages, Cantor analysts say, as they see hundreds of billions of dollars in demand still ahead and believe Nvidia's opportunity in the market has more to run.
NVDA's data center business keeps smashing records as AI demand and Blackwell-powered systems drive explosive growth.
Nvidia has engaged in several high-profile investments and partnerships, including with Intel, OpenAI, Wayve, and Figure, in the past month. It helps to look at these moves in the context of capital allocation decisions available to it. Nvidia's external investments come with a twist in that it is investing either in its customers or partners that help expand its TAM.
CEO Jensen Huang said that demand for AI was growing exponentially.
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The US has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates. The Commerce Department's Bureau of Industry and Security recently issued the Nvidia export licenses under the terms of a bilateral AI agreement hashed out in May, according to people familiar with the matter.
The United States has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday, citing people familiar with the matter.