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Nvidia Stock Surges Near $6 Trillion Mark Amid US-China AI Chip Deal

Guavy AI Editorial Team
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NVDA
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Nvidia's stock price has reached near $6 trillion in market cap after US clearance for AI chip sales to China.

The U.S. government has reportedly cleared a path for Nvidia to sell its H200 chips to 10 Chinese firms, including Alibaba, Tencent, and ByteDance. The move coincides with Nvidia CEO Jensen Huang's visit to Beijing as part of a high-stakes US delegation led by President Donald Trump.

Hon Hai Precision Industry, also known as Foxconn, reported robust quarterly results driven by a 30% rise in revenue from AI server sales. This development bolsters NVDA's share price, which gained about 1% after-hours.

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