NVIDIA's Market Cap Surpasses $3 Trillion as Trade War Eases

NVIDIA's market capitalization surpassed $3 trillion during US stock trading today, after its shares rose 5.6% to $129.91, regaining their February levels.

The stock rose after a temporary suspension of mutual tariffs between the United States and China. The Trump administration worked to draft new rules for the export of advanced chips abroad, reversing previous rules issued by the Biden administration regarding the export of artificial intelligence technologies, which aimed to restrict shipments to a wider range of countries. With NVIDIA completing a strategic partnership agreement with Human, a subsidiary of the Saudi Public Investment Fund, traders were assured of the removal of the restrictions.

The partnership aims to enable Saudi Arabia to become a global powerhouse in artificial intelligence by combining advanced infrastructure, leading AI models, immersive digital platforms, and human capital development.

As a first phase, Humane will install 18,000 NVIDIA Grace Blackwell GB300 advanced computing units, according to a statement from NVIDIA. These units are among the newest and most powerful in the world. These units will be interconnected via a private, ultra-fast network, acting as a massive, unified data processing and AI hub.