Nvidia’s shares rose more than 4% by just over 171 dollars around 11:10 am EDT, cutting the previous profits after reaching a historical maximum of $ 172.40 and opening to a record of 171.19 dollars.
Huang met with President Donald Trump and Chinese leadership in Beijing earlier this month, Nvidia announced Monday, adding that the United States government “assured” NVIDIA that would give the company licenses to sell its H20 chips in China, and the deliveries are expected to begin “soon.”
In April, the company predicted a reduction of 5.5 billion dollars in sales after the United States imposed restrictions on Nvidia chips sales to China, since Huang said that a market of 50,000 million dollars in China for AI chips was “effectively closed to the US industry.”
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Forbes assessment
Huang, who has a participation of approximately 3% in Nvidia, is the sixth richest person in the world with a fortune valued at 148.1 billion dollars, according to Forbes estimates. The value of Huang’s participation increased by more than 5.3 billion dollars as the shares rose, located it just ahead of Arnault (147.9 billion dollars) and behind Larry Page of Google (150.6 billion dollars).
Large number
145,000 million dollars. That is what was added to the Nvidia market capitalization as the shares rose on Tuesday morning. Nvidia, with an assessment of almost 4.15 billion dollars, is in front of Microsoft (3.7 billion dollars), Apple (3.1 billion dollars) and Amazon (2.3 billion dollars) as the most valuable company in the world.
Key history
Analysts have been optimistic about the role of NVIDIA in the AI market in recent months despite export controls under the Trump administration, since the shares have risen 24% in the year. According to the reports, Huang increased his lobbying efforts against export controls after the EU blocked the deliveries of his H20 chips, arguing that the regulations undermined the technological leadership in the US. Ananda Baruah, an analyst at Capital, said last month that Nvidia was in the “front” of the next “golden wave” for the generative AI and more companies adopt technology. Baruah raised its target price for NVIDIA shares at that time at $ 250 from $ 175, exceeding the average prognosis of $ 173 among Wall Street analysts, and said that the company’s valuation could reach a maximum close to 6 billion dollars.
*This article was originally published in Forbes Us.
