Nvidia Shares Roar Back as Clouds Hanging Over Chipmaker Fade
The Nvidia GPU Technology Conference in San Jose, California.
Photographer: David Paul Morris/BloombergAfter several months in the wilderness, Nvidia Corp. shares have found their way again as doubts about Big Tech spending subside, trade tensions with China ease, and new chip buyers emerge.
The stock rallied this week and is on track for the best month in a year after a series of long-term sales agreements during President Donald Trump’s trip to the Middle East. That followed a tariff detente between the US and China and an earnings season that showed Nvidia’s biggest customers remain full-steam ahead on capital spending related to artificial intelligence infrastructure, where the chipmaker dominates.