Overview
- Nvidia shares hit a record, lifting its value past $5.5 trillion after confirmation that CEO Jensen Huang joined President Trump’s visit to China.
- U.S. export limits from the Bureau of Industry and Security have cut Nvidia’s China sales to near zero and will cost about $5.5 billion in charges.
- Wells Fargo raised its target to $315, Bank of America to $320, and Susquehanna to $275, citing strong demand for AI data centers and chips.
- Traders are watching the May 20 earnings report and any signals on H20 chip export approvals or product timing, which could affect revenue and policy expectations.
- Apple also set fresh highs on a strong quarter, keeping the market-cap race in focus as prediction markets give Nvidia high odds of leading by June 30.