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Nvidia (NVDA) rallied alongside other chipmakers off reports of the Trump administration rescinding Biden-era chip curbs. As Caroline Woods notes, it adds onto plans from President Trump to pen more A.I. deals with the Middle East. However, CEOs from both Nvidia and AMD Inc. (AMD) said earlier this week that tariffs on China will hurt profits due to a lack of exposure to their developing tech market.

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NVDA Higher Off Rescinded Chip Curbs, China Remains Headwind

Schwab Network

NVDA Higher Off Rescinded Chip Curbs, China Remains Headwind