Jensen Huang woos Beijing
Digest more
Nvidia announced that sales of its H20 chip to China would resume, with Washington's nod. Read more at straitstimes.com. Read more at straitstimes.com.
Huang has unloaded 1.2 million shares, totaling about $190 million, since he started selling stock this year, according to InsiderScore.
Nvidia CEO Jensen Huang says the US must win over global AI developers — especially the 50% in China — to lead the future of AI.
The approvals mark a major reversal after April’s sweeping restrictions, imposed by the Trump administration, barred companies from selling certain advanced semiconductors to China. Those rules left Nvidia facing a $4.5 billion inventory write-down, as it had no alternative buyers for its H20 chips.
CNBC’s Deirdre Bosa joins 'Money Movers' to discuss Nvidia's win over China users and CEO Jensen Huang's Trump playbook.
Explore more
Amid strained bilateral relations, tech titan says many US-educated Chinese researchers are being lured home by vibrant market opportunities.
"You know this is no different than getting three opinions. Three doctors' opinions. I do the same thing," Huang said.
Now, let's consider Jensen Huang's recent move. The CEO sold shares of Nvidia from July 8 through July 10, and that follows a sale of shares from June 18 through June 23.
MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.
Nvidia CEO Jensen Huang says AI won't erase jobs but will transform how we work — starting with how we think and ask questions.
Nebius is currently the best stock that Nvidia owns. The company flew under the radar earlier this year because it was listed on the Nasdaq Stock Exchange just recently (in October) after a nearly three-year hiatus. The Russian tech giant Yandex, which was delisted due to sanctions after Russia invaded Ukraine, formerly owned Nebius' assets.