Nvidia Stock Surges 2.3% Amid Trump-Xi Talks, But Analysts Warn of Risks
Nvidia's stock price rose 2.3% on Monday to $227.38, outperforming the broader market but trailing its chip rivals. The company's quarterly guide assumes no China data-center compute revenue, a significant factor given the upcoming talks between US President Trump and Chinese President Xi Jinping.
The White House will host President Xi on September 24, and Nvidia's outlook currently does not account for potential changes in China's license rules or customer orders. Analysts remain bullish, with 31 buy ratings and no holds or sells, but a crowded consensus leaves little protection if these factors do not materialize.
Nvidia's operating numbers are formidable, with second-quarter revenue of $96.22 billion and data centers supplying 92.5% of sales. The company guided for $108 billion of third-quarter revenue, implying 12.2% sequential growth, but this includes no China data-center compute sales.