Nvidia stock climbs amid reported UAE export approval, Wall Street price target raise: 'This is not a bubble'
Nvidia (NVDA) stock touched a new intraday all-time high above $195 Thursday after Bloomberg reported that the US government has approved for export several billion dollars worth of the tech giant's chips to the United Arab Emirates. The Commerce Department issued Nvidia its export license to the UAE after the federation solidified earlier commitments to making reciprocal investments in the US, Bloomberg reported, citing an unnamed US official — marking the first time Nvidia has been allowed to ship its A ...