Nvidia sets stock market records with AI chip sales in China and new custom model launch
Artificial Intelligence Drives Nvidia’s Record Market Performance
Nvidia’s new AI chip H20, compliant with international regulations, has propelled the company to unprecedented market capitalization of 4.2 trillion dollars. Following a ban in 2023, the development of the RTX Pro GPU has allowed Nvidia to resume sales in China, marking a significant milestone in the industry.
Geopolitical Shifts Impact Business Strategies
The return of the H20 chip coincides with a period of improved relations between the U.S. and China, leading to potential collaboration in the tech sector. Nvidia’s proactive engagement with both governments underscores the importance of global cooperation in advancing AI technologies.
AMD Seeks to Enter Chinese Market
Rival company AMD is also seeking approval to export its MI308 chip to China, with positive market response signaling a potential expansion into a key market for semiconductor manufacturers.
