NVIDIA (NVDA), the stock of NVIDIA, rose by nearly 2,6% Monday. This is a strong rebound from its previous closing price amid Israel-Iran tensions.
At the time this article was published, there were moderate volumes of trading and the stock traded at a price of $145.72.
NVIDIA announced their first quarter results recently. They reported $44.1 billion revenue for the period that ended April 2025. This is a huge 69% jump from last year and an impressive 12% increase over the prior quarter.
Chipmaker shares continue to be near their recent highs as a result of the momentum around artificial intelligence, and recent hype surrounding ‘Sovereign AI’.
NVIDIA’s plans for expansion
NVIDIA’s stock price surged after CEO Jensen Huang made a trip to Europe. He spoke to throngs of AI fans and tech enthusiasts in Europe.
Huang appeared on stage alongside the French President Emmanuel Macron and the UK’s Prime Minister Keirstarmer, demonstrating the authority NVIDIA enjoys in the European market.
NVIDIA actively seeks to shape its Europe strategy around the strict privacy and data protection laws of Europe, which is reflected by the messaging from the company.
The CEO Jensen Huang’s pitch focused on building their own artificial intelligence infrastructure. This is called “sovereign” AI, which refers to the notion that countries must be in control of their data.
The European Union has expressed its concerns about the current AI models and how they use data.
NVIDIA wants to close this gap by pledging enhanced transparency in Europe and full compliance with the data protection laws.
Huang described NVIDIA as not only a chipmaker, but also as the foundation of the digital infrastructure of tomorrow. He compared AI with essential utilities such as electricity.
It is looking to form a partnership with French startup Mistral for the development of a European AI Cloud powered by NVIDIA’s GPUs.
US Chip Restrictions
NVIDIA was faced with a significant challenge when, in April of this year, the US government asked that the chipmaker obtain a license for exporting its H20 AI to China.
This step was taken as Donald Trump’s administration intensified efforts to stop China from gaining access to American chip technology for AI and other military purposes.
NVIDIA lost $2,5 billion of potential revenues as a result.
The company also had to charge $4.5 billion for the unsold stock and commitments to purchase these chips after China’s demand suddenly dried up.
In the face of uncertainty, Jensen Huang made a decision to change strategy and exclude China’s revenue and profits from official forecasts.
US Markets Rebound
Wall Street began Monday on a positive note after a dramatic sell-off the previous week. Investors are hopeful that the conflict between Israel and Iran will be resolved.
The Dow Jones Industrial Average climbed by 248 (0.6%) points, while the S&P 500 rose 0.7%. Nasdaq Composite, a tech-heavy index, led the charge, gaining nearly 1%.
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