Nvidia Stock Jumps in Premarket as Market Looks Past China Blow
Nvidia shares were rising early Thursday as investors put aside the hit to its China sales and concentrated on its booming revenue elsewhere.
Nvidia was up 8.1% at $142.94 in premarket trading. If the move holds, it will be the first time the stock has closed above $140 since February.
While revenue guidance for the current quarter came in short of expectations, with a midpoint of $45 billion, that included an $8 billion hit from restrictions on sales of its H20 chip to Chinese customers.