Nvidia Stock Price Update

Extending their bull run for the seventh straight trading session on Thursday, 14 May, shares of Nvidia advanced another 5% to hit a fresh record high of $236.47 after Reuters reported, citing sources, that the US has cleared about 10 Chinese firms to buy its second-most powerful AI chip, the H200. According to the report, the approved buyers include Alibaba, Tencent, ByteDance, and ***** while Lenovo and Foxconn were cleared to distribute the chips. Sources said each approved customer could purchase up to 75,000 H200 chips under US licensing rule