The company previously forecast a $5.5 billion hit to sales after the U.S. imposed restrictions on its H20 AI chips.
Key Facts
Shares of Nvidia increased by more than 4% to just over $172 as of around 10:35 a.m. EDT, after the stock opened to a record $171.19 and reached a new all-time high of $172.26 minutes later.
Huang met with President Donald Trump and Chinese leadership in Beijing earlier this month, Nvidia announced Monday, adding the U.S. government “assured” Nvidia it would grant the company licenses to sell its H20 chips in China, with deliveries expected to start “soon.
