By Adam Clark
Nvidia stock was falling in premarket trading Friday to end a historic week for the chip maker after the shares closed above $4 trillion for the first time the previous day. A visit to China by CEO Jensen Huang could unlock further gains.
Nvidia shares were down 0.8% at $162.86 in premarket trading, in line with a slump in wider market futures. The stock rose 0.8% on Thursday and the company became the first to close above $4 trillion, cementing its position as the world's most valuable by market capitalization.
The next catalyst for Nvidia could be securing permission to sell AI chips to China again. Huang met U.S. President Donald Trump on Thursday before traveling to the People's Republic, according to multiple reports.
Huang has previously said the Trump administration's restrictions on chip exports to China will cost his company $15 billion in sales, and claimed the limits are counterproductive as they will encourage the growth of the domestic Chinese chip-making industry.
In addition to making the case to sell hardware to China, it is likely Huang and Trump will have discussed the potential imposition of the president's wide-ranging global tariffs on the chips sector. While chips have been exempt from the levies until now, the U.S. president said Tuesday that he would soon announce tariffs on imported semiconductors, though he didn't specify a level or date.
Among other chip makers, Advanced Micro Devices was down 0.2% and Broadcom was falling 0.6% in premarket trading.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
July 11, 2025 05:58 ET (09:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments