Nvidia stock climbs to record amid reported UAE export approval, price target raise: 'This is not a bubble'
Nvidia (NVDA) stock rose to a record high Thursday, up around 1.8%, 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. This marks the first time Nvidia has been allowed to ship its AI chip ...