Stock Market Today: Nvidia Hits New High as U.S. Strikes Revenue-Sharing Deal on China Chip Sales

Nvidia's (NASDAQ: NVDA) stock price jumped 0.5% to $183.10 on Tuesday, notching a fresh all-time high of $184.48 (intraday) despite below-average trading volume. The stock is now up 74.9% over the past year, and it continues to outperform the broader market as enthusiasm for artificial intelligence (AI) hardware remains strong.The broader market posted solid gains as well. The Nasdaq Composite climbed 1.4%, while the S&P 500 added 1.1%, supported by favorable inflation readings and sustained investor appetite for growth and tech names. Nvidia's peers also rallied, with Advanced Micro Devices (NASDAQ: AMD) gaining 1.6% to $174.95 and Broadcom (NASDAQ: AVGO) jumping 2.9% to $312.83.Nvidia and AMD were the center of attention after multiple news outlets confirmed a landmark deal between the companies and the U.S. government. Under the agreement, Nvidia and AMD will regain access to China's AI chip market, provided they share 15% of revenue from sales of certain high-end chips with the U.S. government. The arrangement allows both companies to continue shipping modified chip models while easing national security concerns through financial oversight.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool