NVIDIA Summary

A recent report from the Council on Foreign Relations highlights that Huawei's AI chip capabilities significantly lag behind Nvidia's, indicating that the gap is widening exponentially. This reaffirms Nvidia's position as the leader in AI chip technology amidst international competition.

Despite the growing scrutiny, the U.S. government is reviewing Nvidia's H200 chip sales to China, which could allow for the first shipments to the region, according to multiple sources. Additionally, Nvidia, alongside Alphabet's venture capital arm, has backed coding startup Lovable, which has reached a valuation of $6.6 billion.

The stock market has reacted positively to a cooler inflation report, with Nvidia, Palantir, and Tesla seeing notable gains.