Nvidia's shares rose 29.6% over 90 days and are 30.8% higher year-to-date, despite a 3.3% pullback in the past week. Mixed first-quarter results included a $5.5 billion charge tied to export restrictions on the H20 AI chip. Export controls on the H20 chip could reduce revenue by as much as $9 billion, with about $700 million hitting fiscal Q1 and roughly $8 billion spread across Q2 and Q3. A new U.S.-China trade agreement paused tariffs, supporting a stock recovery. The company is shifting toward U.S. AI infrastructure investments and designing new chips for China while facing supply chain cost pressures and growing competition from Huawei.
Shares of Nvidia Corp. ( NASDAQ: NVDA) have surged 29.6% over the past 90 days but have pulled back 3.3% in the past week. The stock is still 30.8% higher than at the beginning of the year, easily outperforming the S&P 500 and Nasdaq in that time. However, the rebound from the spring low has sparked mixed reactions. Some analysts are raising price targets, while others caution against headwinds due to uncertainty surrounding future U.S.-China trade relations and the potential for stricter regulations.
Nvidia, the leading artificial intelligence (AI) chipmaker, is navigating a pivotal moment since posting mixed first-quarter earnings that one analyst called a victory. The stock soared after President Trump announced a new U.S.-China trade agreement that paused tariffs. Recent gains for the chipmaker helped wipe away the steep drop the stock suffered early in 2025, after reporting it would take a $5.5 billion charge tied to H20 chip export restrictions to China.
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