Nvidia Stock Rises Amid Biden-Xi Meeting Optimism

Nvidia's winning streak continues as investors eye the upcoming meeting between US President Joe Biden and Chinese President Xi Jinping. The meeting, which is expected to take place in mid-March, could have a significant impact on Nvidia's sales outlook for China.

Nvidia has already seen a surge in its stock price due to strong demand from gamers and AI researchers. However, investors are looking ahead to the potential impact of the Biden-Xi meeting on trade relations between the US and China.

Nvidia's Chief Financial Officer (CFO) Colette Kress said in an earnings call that the company is optimistic about its sales outlook for China. She noted that Nvidia has seen strong demand from Chinese customers, particularly in the gaming market.