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Nvidia Stock Surges on Earnings Beat and White House Policy Relief
Nvidia Stock Surges on Earnings Beat and White House Policy Relief
20
3
BTCCSquare news:
Nvidia (NVDA) shares rallied in pre-market trading after posting Q3 revenue of $57 billion, a 62% year-over-year increase. Data center sales drove the outperformance, soaring 66% to $51.2 billion.
The Biden administration bolstered sentiment by opposing the GAIN AI Act, which WOULD have restricted advanced AI chip exports to China. The proposed legislation had threatened to curb Nvidia's access to a critical market.
This dual catalyst—strong fundamentals and regulatory tailwinds—positions Nvidia at the forefront of the AI infrastructure race. The chipmaker's pricing power remains intact despite broader semiconductor sector volatility.
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