Nvidia became the first company to hit $4 trillion in market cap on Wall Street. CNBC's Martin Soong and Chery Kang talked about the report that Nvidia could launch a new AI chip designed for China to circumvent U.S. export curbs.
BreakdownGenerated by LeadStory AI
- Nvidia becomes the first company to reach a $4 trillion market cap.
- Nvidia's market share for AI chips in China has dropped from 95% to 50% due to U.S. export restrictions. 39s
- Nvidia plans to launch a new AI chip, the Blackwell RTX Pro 6000, tailored for China. 1m 23s
- The company is coordinating the chip's launch to avoid violating U.S. export controls. 2m 14s
- Nvidia's stock has risen over 40% in the past three months despite concerns over China. 2m 55s