Reported about 11 hours ago
Nvidia Corp.'s stock price skyrocketed after US President Donald Trump announced plans to discuss the company's Blackwell AI processors with Chinese leader Xi Jinping, propelling Nvidia to become the first company valued at over $5 trillion. Trump's remarks raised investor optimism about possible export opportunities to China, despite ongoing restrictions since 2022 that have halted Nvidia's sales of top-tier AI hardware in the country. The combination of strong earnings, bullish demand forecasts, and potential access to China's market has positioned Nvidia as a pivotal player in the global AI infrastructure boom.
Source: YAHOO