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NVIDIA says it will restart sales of a key AI chip to China
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Nvidia: H20 export reinstated, bolstering the $200 by this year-end bull case and reviving the China growth story.
Tech stocks were an outlier, though, and the Nasdaq composite rose 0.2% to set another record thanks to Nvidia, the market’s most influential stock.
One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.
The Nasdaq Composite advanced to its latest record high on Tuesday, powered by a jump in heavyweight Nvidia's shares, while the other Wall Street benchmarks were sluggish as traders digested a key inflation report and a flurry of bank earnings.
Nancy Tengler, Laffer Tengler, joins 'The Exchange' to discuss the tech trade, Nvidia's resumption of chip sales in China and her tactical plays.
Treasury Secretary Scott Bessent’s comments and news of the resumption of H20 chip sales to China have excited Wall Street.
Nvidia has created yet another Cyberpunk 2077 graphics card. A special edition RTX 5090 has a Cyberpunk 2077 theme and it’s being given away as part of Nvidia’s GeForce RTX summer event. As VideoCardz points out,
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
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