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NVDA
A little breeze, not a hurricane
Nvidia stock didn’t exactly launch into orbit on Wednesday — it was up less than half a percent — but the setup got a fresh jolt. The big talking point: China may allow a limited number of AI companies to buy Nvidia’s H200 chips, according to a report cited by the Information.
Why investors care
That matters because Nvidia’s growth story has always had two engines: insane AI demand and the nagging question of how much of that demand can actually flow through China. If Beijing loosens the taps, even a little, it keeps one of the market’s favorite bull cases alive.
- Alibaba, ByteDance, and DeepSeek were reportedly told they may soon get access
- Dan Ives stayed in the optimist lane, arguing the AI boom is still early and chip demand is nowhere near done
- Nvidia is still trading below its 20-day and 50-day moving averages, so the chart is basically saying, “cool story, but show me the earnings”
The real test is still coming
The next big boss fight is Nvidia’s estimated Aug. 26 earnings report, where Wall Street is looking for another monster quarter: $2.07 in EPS on $91.7 billion in revenue. Until then, every China headline, ETF flow, and analyst upgrade is just adding fuel to the narrative.
Big picture: Nvidia doesn’t need every headline to be heroic — it just needs enough of them to keep the AI trade from running out of steam.