Nvidia breaks records: Value rises to $ 4.2 trillion after resumption of chip sales to China
While the Bitcoin course reaches new heights, the value of TechGigant Nvidia is also explosively increasing. The American company now records a market value of no less than 4.2 trillion dollars, thanks in part to the resumption of chip sales to China.
Nvidia largest company in the world
In the front market, the Nvidia share climbs by five percent, to $ 172 each. This leaves the Microsoft and Apple far behind, with a market value of 3.73 and 3.1 trillion dollars respectively.
Last week, Nvidia was the first company ever to broke through the limit of 4,000 billion dollars. Once known as a producer of graphic maps for gamers, the company has since become an indispensable link in the global AI industry. The value of Nvidia exceeds that of entire countries such as Canada or the United Kingdom.
H20 chip sale to China resumed
The price rise on the news follows that Nvidia can resume the sale of his H20 chips to China. These chips are specially designed for AI applications, but consciously limited in performance. For example, NVIDIA meets the American export rules that were introduced in 2023 and 2024 to limit Chinese access to advanced AI technology.
Although the H20 falls within the legal limits, the US government temporarily stopped deliveries. The delay had to do with extra checks to prevent the chip from supporting military applications. That blockade now seems to be over.
Source: https://newsbit.nl/nvidia-breekt-records-waarde-stijgt-naar-42-biljoen-na-hervatting-chipverkoop-aan-china/