Nvidia stock takes a breather after a six-day rally as market participants weigh the potential impact of upcoming U.S.-China diplomatic talks on the company's AI chip export strategy.
Nvidia stock extended its winning streak amid AI enthusiasm and ahead of a Trump-Xi meeting that could affect China sales outlook.
Nvidia shares paused their recent rally on Wednesday following a six-day winning streak fueled by sustained artificial intelligence enthusiasm. Investors are now closely monitoring a high-stakes meeting between U.S. leadership and China's Xi Jinping, which could significantly impact the chipmaker's future sales outlook in the region.
The meeting is critical because potential shifts in U.S.-China trade policy could impact Nvidia's ability to export AI chips to the Chinese market, a key region for the company's growth.