Nvidia's AI Chips Greenlit for China, Shares Surge

Nvidias shares surged three percent following news of a potential greenlight for its AI chips to China, a significant market for the company. The Trump administrations multi-agency review and Oracles increased capital spending outlook also impacted the tech sector, sparking concerns of an AI bubble. Despite these developments, Nvidias shares have risen nearly thirty percent since the start of the year, with investors seeing a thirteen-fold return over five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.