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Investor's Business Daily on MSNStock Market Today: Dow Falls Ahead of Jobless Claims, Retail Sales; Nvidia Chipmaker TSMC Jumps On Earnings (Live Coverage)The Dow Jones index dropped Thursday ahead of jobless claims and retail sales. Nvidia chipmaker TSMC jumped on earnings.
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
Taiwan Semiconductor Manufacturing Co. on Thursday boosted its full-year revenue growth projections, as strong AI demand continues to fuel results at the world’s largest contract chipmaker.
Nvidia CEO Jensen Huang met with President Donald Trump and policymakers to talk about domestic AI infrastructure and the US's lead in AI.
Nvidia stock jumped 5% as the chipmaker said it's been assured it can resume sales of a key microchip to China. That news helped Chinese stocks as well, with Alibaba stock rising 6%. Trade Desk shares rose 15% on news of S&P 500 inclusion.
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Nvidia said it plans to resume sales of its best-selling H20 AI chip to China, days after CEO Jensen Huang met with President Donald Trump.
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
Nvidia’s premarket surge to $172.38 represents a dramatic 5.06% increase from the previous close of $164.07, demonstrating strong investor confidence in the company’s renewed China prospects. The stock had closed down -0.
Cheering the news, Nasdaq-listed Nvidia shares jumped as much as $8.74, or 5.3%, in pre-market trade to $172.75 apiece. On Monday, shares of Nvidia—the world’s most valuable stock—ended at $164.07, down 0.52%, with a market capitalisation of $4.001 trillion.
Nvidia shares surged as the chipmaker is expected to sell H20 AI chips to China after US export license assurance
Nvidia stock hits record highs as U.S. export licenses unlock access to China’s $50B AI market. Click here to read an analysis of NVDA stock now.