Overview

• Nvidia reached a $4 trillion market valuation on July 9, becoming the first public company ever to hit that mark and accounting for about 14% of U.S. GDP.
• Shares have climbed 24% year to date and traded near $166 on July 11, fueled by surging demand for the company’s AI GPUs.
• U.S. restrictions on A100 and H100 exports to China triggered a $4.5 billion charge this quarter and cut about $8 billion from projected revenue.
• CEO Jensen Huang has warned that export controls threaten U.S. chipmakers’ competitiveness and underpin Nvidia’s lowered growth forecasts.
• Investor sentiment remains bullish, with Jim Cramer advising shareholders to “own” Nvidia stock rather than trade it in light of its leadership in generative AI.