Nvidia’s Influence Over Entire Stock Market Keeps Growing
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Nvidia, NASDAQ and US stocks
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The stock is worth $4 trillion for a good reason. Nvidia's dominance in AI chips allows it to earn very high margins. Nvidia made $77 billion in net income on $148 billion of revenue over the last year, and its net income has increased 892% over the last three years.
Nvidia Corporation's H20 GPU exports to China resume, unlocking billions in revenue and cash flow. Click for my updated look at NVDA stock after this news.
Nvidia became the first publicly traded company to reach a market cap of $4 trillion last week, as investors remain bullish on artificial intelligence technology.
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Investor's Business Daily on MSNDow Jones Futures: ASML Dives, Goldman Beats After Nvidia, AMD Can't Hide Market Woes; 3 Stocks In Buy AreasDow Jones futures edged higher early Wednesday, while S&P 500 futures and Nasdaq futures fell slightly. Chip-gear giant ASMLASML tumbled on guidance with Goldman SachsGS and more big banks beating earnings views.
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Nvidia investors have been concerned about the loss of sales to an important market. The company announced it would resume AI chip sales to China after a pending approval from the Trump administration.
Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the latest inflation report, as well as the Dow, S&P 500 and Nasdaq.
US stock market closed for Tuesday and S&P 500, Dow Jones Industrial Average, and Nasdaq investors will keep close eyes on Tuesday as Nvidia stocks were the stand out performer.
Nvidia stock is jumping today following announcements that the Trump administration will allow the company's H20 processor and other hardware to be sold in China. The approval of the export licenses for the company's AI hardware is an unexpected development -- and a big win for CEO Jensen Huang.