Nvidia stock price exceeds $170... Nasdaq index hits record high

Nasdaq index hits record high thanks to strength in U.S. semiconductor stocks. NVIDIA's surge led the index's rise.

At 11:58 am on the 15th, the Nasdaq index rose 0.62% to 20,769.16. Reached intraday high of 20,836.04.

At the center of Nvidia. At the same time, the stock price rose 4.39% to $171.28. It rose to $172.40 during the day, exceeding $170 for the first time. NVIDIA maintains first place in global market capitalization.

US government approves export of NVIDIA AI chip H20 to China. CEO Jensen Huang announced in a CCTV interview that “H20 can be sold in China after receiving export approval.”

CEO Jensen Huang made an announcement at the VivaTech Expo in Paris on the 11th.

Trump administration restricts exports of NVIDIA H20 in May for national security reasons. CEO Hwang protested, “Sales decreased due to export restrictions.”

Nvidia re-secures growth in the Chinese market due to changes in U.S. government policy. This has a positive impact on semiconductor stocks and contributes to the rise of Nasdaq.