US Stock Market Move | NVIDIA Corporation (NVDA.US) rose nearly 3%. The United States has approved the export of chips worth billions of dollars to the United Arab Emirates.

On Thursday, NVIDIA Corporation (NVDA.US) rose nearly 3%, with its stock price hitting a new all-time high of $194.50, marking a year-to-date increase of about 45%. On the news front, according to sources familiar with the matter, the United States has approved the export of NVIDIA Corporation chips worth billions of dollars to the United Arab Emirates. This is seen as a preliminary step in implementing a controversial agreement that could potentially become a blueprint for America's AI governance strategy. The sources revealed that the US Department of Commerce's Bureau of Industry and Security recently issued an export license to NVIDIA Corporation based on terms of a bilateral AI agreement reached in May.