NVIDIA’s stock price continues to hit record highs amid reports that it has been approved to export AI chips to the UAE.
① NVIDIA’s stock price rose nearly 3%, with its market value surpassing $4.7 trillion, following approval from the U.S. Department of Commerce to export billions of chips to the UAE; ② In May this year, the U.S. and the UAE announced a partnership to build an artificial intelligence data center campus with a capacity of 5GW. In response, the UAE announced a $1.4 trillion investment plan in the U.S. over the next decade.
Cailian Press, October 9 (edited by Zhao Hao) — During Thursday’s (October 9) early trading session on the U.S. stock market, NVIDIA’s share price surged nearly 3%, reaching an all-time high of $195.30 per share, pushing its market capitalization above $4.7 trillion.
Today’s reports indicate that the U.S….
