Nvidia Gains as China Move and Chip Demand Put NVDA in Spotlight
Nvidia surged 2.22% to $204.87 after Reuters reported it’s pitching new Vera CPUs to Chinese clients, with availability as soon as August, aiming to regain China market share lost to U.S. export controls; PHLX Semiconductor Index soared 7.91% Thursday, while Nvidia’s market cap neared $5 trillion and premarket trading showed further gains.