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Nvidia Stock Rises. Its AI Chip Sales Look Set to Boom in China. - Barron's

1. Nvidia's stock rose 1.2% as AI processor sales surge in China. 2. A large order for 300,000 H20 chips signals strong demand. 3. Nvidia's stock recently closed at a record high of $178.84. 4. Export curbs on H20 chips were reversed, impacting potential revenue positively. 5. Competitors AMD and Broadcom also saw stock price increases.

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FAQ

Why Bullish?

The strong demand in China and record stock prices indicate positive momentum. Historical precedence suggests high demand for AI chips can drive NVDA stock upwards.

How important is it?

Strong demand from China and reversal of export curbs significantly enhance NVDA's revenue potential.

Why Short Term?

The immediate sales boost and positive market reactions can influence NVDA’s stock in the near term, as seen in previous earnings beats.

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