US Stock Market Move | NVIDIA Corporation (NVDA.US) rises over 1% to achieve a new high in stock price.

On Friday, NVIDIA Corporation (NVDA.US) rose over 1% to $165.94, with the stock price reaching as high as $166.60, hitting a new all-time high, with a total market value of $406 billion. In terms of news, it has been reported that NVIDIA Corporation CEO Jensen Huang plans to visit China, reaffirming the company's commitment to the Chinese market. The company plans to launch a new AI chip designed specifically for the Chinese market as soon as September this year. According to sources, the new chip from NVIDIA Corporation for the Chinese market is a downgraded version of its existing Blackwell RTX Pro 6000 processor, modified to comply with the tightened export control regulations under President Trump. This chip will remove some of the most advanced technologies, such as high-bandwidth memory (HBM) and interconnect technology NVLink used to accelerate data transfer.