Nvidia jumps on report of US mulling looser curbs on chip export to UAE
ReutersMay 1, 2025 4:21 PM
Shares of AI chip leader Nvidia NVDA.O rise 4% to $113.30
U.S. is weighing a potential easing of restrictions on Nvidia sales to the United Arab Emirates, Bloomberg News reports
President Donald Trump could announce the start of work on a bilateral chip deal during his upcoming trip to UAE - Bloomberg News
AI stocks also benefiting from upbeat Microsoft MSFT.O earnings, easing some investor jitters around hefty AI spending
Analysts' average rating on the stock is "buy"; their median PT is $168.00
NVDA down ~15% YTD
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