Nvidia Nears 52-Week High As AI Frenzy, China Chip Export Deal Drive Momentum

Benzinga
2025.08.11 17:19
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Nvidia Corp. is nearing its 52-week high of $183.88, fueled by AI optimism and a resolution in its China chip export dispute. The company agreed to pay 15% of revenue from China sales of its H20 AI processors to the U.S. government for export licenses. Nvidia launched new products, including the RTX PRO 6000 Blackwell Server Edition GPU, enhancing AI computing capabilities. The stock has gained 37% year-to-date, outperforming the NASDAQ 100 Index. As of Monday, NVDA stock is trading at $183.40, up 0.36%.