NVIDIA Can Sell AI Chips to China
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Investor's Business Daily on MSNStock Market Today: Dow Rises On Surprise Economic Data, Netflix Moves Up With Earnings Due (Live Coverage)The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.
Nvidia saw restrictions on its China business lifted this week and that is lifting the spirits of wealth managers bullish on the tech giant's future.
Semiconductor giant Nvidia continues to be a Wall Street favorite -- and for all the right reasons. The company's transition from a prominent GPU company to a full-stack artificial intelligence (AI) infrastructure provider has been genuinely exceptional.
Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.
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Nvidia stock's surge looks poised to accelerate because investors' biggest concern about the company -- losing the Chinese data center AI chip market -- is now a non-issue.