New York, June 12, 2026, 05:03 EDT
- Nvidia finished Thursday at $204.87, up 2.22%. The stock was trading higher early in premarket.
- Nvidia is pitching its Vera CPUs to Chinese customers, Reuters reported. The chips could be available as early as August.
- The PHLX Semiconductor Index surged 7.91% on Thursday. That move pushed up the Nasdaq and gave a boost to AI-chip names across the board.
Nvidia shares rebounded after a choppy week for chip names, ending Thursday’s session at $204.87, up 2.22%. In early premarket trading Friday, the stock ticked up near $205.45. Nvidia’s market cap stayed close to $5 trillion — Google Finance put it at roughly $4.96 trillion, with the 52-week range marked from $140.86 to $236.54.
U.S. stocks bounced with chip shares leading gains and the biggest indexes posting strong moves. The Nasdaq Composite jumped 2.54% to 25,809.66, S&P 500 up 1.75% at 7,394.30, and the Dow gained 1.86% to finish at 50,848.75 for Thursday, Reuters said. The PHLX Semiconductor Index surged 7.9%, its largest single-day gain since April 2025. “Our technical indicators are looking relatively oversold here,” Per Stirling Capital Management director Robert Phipps told Reuters. Reuters
Nvidia is back in the China spotlight after Reuters said Friday the chipmaker told Chinese clients its new Vera CPUs for AI data centers could ship as soon as August. Nvidia also started taking orders. According to Reuters, the company is pushing hard to get Vera into the Chinese market, trying to win back business lost to U.S. export controls and Beijing’s technology push. CEO Jensen Huang said last October the company’s share in China had dropped to nearly zero.
Nvidia’s Vera launch pushes the company deeper into competition outside graphics processors. Reuters said Vera is Nvidia’s first standalone CPU made for agentic AI, claiming it runs up to 1.8 times faster than similar chips from rivals. Reuters also reported one top Chinese cloud company intends to test more than 300 Vera servers, but software issues and migration hurdles could slow any broader uptake. Nvidia did not comment to Reuters.
Nvidia is still facing policy risk. Late Thursday, Reuters said the company has brought on Bruce Andrews, a longtime lobbyist, to run government affairs in Washington as the spotlight stays on Nvidia’s China business. Andrews was previously chief of government relations at Intel and held a post at the Commerce Department under Obama. On LinkedIn, Andrews posted, “I’m looking forward to helping NVIDIA lead the AI revolution and reach new breakthroughs for America and the world.” Reuters
Nvidia has set the date for its 2026 annual stockholder meeting. The company said Thursday it will hold the meeting online on Wednesday, June 24 at 9 a.m. PT. Stockholders can vote and ask questions at the virtual event. Items up for a vote are listed in the proxy statement Nvidia filed with the SEC on May 12.
Nvidia’s latest stock move comes after its May earnings report. The company posted first-quarter fiscal 2027 revenue at $81.6 billion, an 85% jump year over year. Data Center revenue hit $75.2 billion, up 92%. Nvidia also boosted its share-repurchase program by $80 billion and lifted its quarterly dividend to $0.25 per share. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” CEO Jensen Huang said in the release. NVIDIA Newsroom
